Governor Andrew M. Cuomo this week announced Leaving Tappan Zee Website that the federal government has approved an up to $1.6 billion loan for the project to replace the Tappan Zee Bridge, securing key financing for the construction of the New NY Bridge.
The low-interest, 35-year loan comes from the federal government’s Transportation Infrastructure Finance and Innovation Act (TIFIA) program and represents the largest award in the program’s history.
Meanwhile, Tappan Zee Constructors, LLC. (TZC) has completed dredging operations for 2013. Additional dredging will be conducted in 2014, from Aug. 1 to Nov. 1. Installation of permanent piles continues; pile driving will take place between 7 a.m. and 7 p.m. on weekdays, and occasionally between 12 noon and 7 p.m. on Saturdays. Additionally, “armoring” of the dredge channel, a process that helps protect the water quality for marine life, continues.
Currently, TZC crews are layering sand and stone within the dredge channel to armor the river bottom in an effort to ensure sediment is not kicked up by passing vessels.
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Press Release, November 5, 2013