New York to Seek $2 Billion Loan to Replace Tappan Zee Bridge

Cost of the project could climb to $6 billion

New York will seek a $2 billion loan from the federal government to help pay for the replacement of the Tappan Zee Bridge, state officials said in a letter released Tuesday, which also revealed that the estimated cost of the project could climb to $6 billion.

The Tappan Zee's replacement is among 14 major projects fast-tracked last year by President Barack Obama in an effort to speed development of national infrastructure and spur job growth in the construction sector.

(More on financing replacement of Tappan Zee . . . )