EPA Rejects Plan to Use Clean Water Revolving State Fund for Tappan Zee Bridge Project

In June, a plan to borrow $511 million from the fund was announced, but the US Environmental Protection Agency blocked that move saying only $30 million was eligible

Poughkeepsie Journal

The state Thruway Authority officials are focused on appealing a recent rejection from the Environmental Protection Agency after Gov. Andrew Cuomo announced in June a plan to borrow $511 million from the Clean Water Revolving State Fund for the Tappan Zee project. The EPA blocked the move, arguing that just $30 million was eligible. The loan would have saved the Thruway $35 million in interest and reduced future tolls, leaders have said.

Each month, the state Thruway Authority pays an average of $52 million to Tappan Zee Constructors, the team designing and building the new twin span.

(more on the Thruway's plans to continue funding the Tappan Zee project...)

 

Latest