State Comptroller OKs $3.1B Tappan Zee Bridge Contract

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A $3.1 billion contract for the new Tappan Zee Bridge has been approved by the state comptroller. Photo Credit: New York State

TARRYTOWN, N.Y. – A $3.1 billion contract for construction of a new Tappan Zee Bridge has been approved by New York state Comptroller Thomas DiNapoli, the state announced Friday.

“Replacing the Tappan Zee Bridge is New York state’s largest single infrastructure project and is vital to our economic prosperity,” DiNapoli said. “To protect taxpayers, my office will closely scrutinize the Thruway’s oversight of the construction of the new bridge.”

The contract is between the New York State Thruway Authority and Tappan Zee Constructors, a design-build team selected to construct the bridge. The contract lasts for 66 months and takes effect immediately.

DiNapoli's office said the contract approval does not include a financial plan, toll increase or debt issuance, which will be examined separately. The New York State Thruway Authority has not yet released a final plan to finance the bridge.

DiNapoli said his office planned to hold the Thruway Authority accountable on issues of transparency, fiscal stability and operational efficiency.

“The Thruway Authority is responsible for proposing a financing plan and must live up to its commitment to pursue the lowest cost options and ensure that its customers are paying the lowest possible tolls,” he said. “Every effort must be taken to minimize costs for this project and protect the long-term fiscal health of the Thruway system.”

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Comments (3)

salowey@live.com:

Does the $3.142B include dismanteling and removed the old bridge?

ct3408:

As usual, we put off the most important factors in this project, mass transit and the lack of regional connectivity. Amazingly shortsighted, especially when one travels the world and sees how well planned other transportation systems are. This bridge, like most car-focused projects, will be obsolete the day it opens.

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