N.Y. Seeks $2.9 Billion for Tappan Zee

Tue September 25, 2012 - Northeast Edition
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Photo courtesy of Brett Weinstein. The original Tappan Zee Bridge.
Photo courtesy of Brett Weinstein. The original Tappan Zee Bridge.

WHITE PLAINS, N.Y. (AP) The New York state Thruway Authority is requesting a federal loan of up to $2.9 billion to help build a new Tappan Zee Bridge.

That’s as much as $900,000 more than the state requested previously — when it was turned down.

But Gov. Mario Cuomo has expressed confidence that the loan will be approved. The Thruway Authority on Sept. 7 sent the U.S. Transportation Department a 175-page report detailing the need for a new bridge.

The loan request is for $2.4 billion to $2.9 billion. The project is estimated to cost more than $5 billion. Executive Director Thomas J. Madison said the authority was asking for the maximum it could receive.

Bonds backed by tolls are another likely source of construction money. Cuomo recently said a proposed $14 toll is too high.




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