Thursday, September 18, 2014

Follow us:
Follow @NY1 on Twitter Follow NY1 News on Facebook Follow NY1 News on Google+ Subscribe to this news feed 

News

State Thruway Authority Approves Tappan Zee Bridge Loan

  • Text size: + -
TWC News: State Thruway Authority Approves Tappan Zee Bridge Loan
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

Governor Andrew Cuomo's plan to use water funds to help pay for the new Tappan Zee Bridge has gotten the green light.

The New York State Thruway Authority voted Wednesday to move forward with a $256 million loan over five years.

It comes despite environmental groups' opposition to the plan.

They say it's wrong to finance a bridge with funds that should be used for drinking water and sewage treatment projects.

The Authority plans to request a second loan of the same value as early as next year.

Cuomo's administration says the use of the funds will help minimize tolls on the $3.9 billion structure being built to replace the current bridge which connects Rockland and Westchester counties.

10.11.12.248 ClientIP: 54.166.173.147, 23.62.7.55 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP