New York receives federal loan for Tappan Zee

New York will receive a $1.6 billion loan to help pay for replacing the Tappan Zee Bridge through the federal government’s Transportation Infrastructure Finance and Innovation Act (TIFIA) program., Gov. Andrew Cuomo announced Thursday, a big chunk of what his administration says is a nearly $4 billion project.

Governor Cuomo said, “This is a huge win for New York State, creating thousands of jobs, and an endorsement of one of the most ambitious infrastructure projects in our history. It shows that despite over a decade of delay, New York can continue to build big.

The total project cost for the Tappan Zee replacement is expected to be between $3.9 and $4.8 billion.

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