Carlyle Eyes Tappan Zee Project As NY Mulls Private Cash Law

Law360, New York (March 23, 2012, 5:58 PM EDT) -- New York Gov. Andrew Cuomo wants to enact a law that would allow for private investors — including buyout firms like The Carlyle Group LP — to help finance projects like the $5.2 billion reconstruction of the Tappan Zee Bridge, state authorities said Friday as Carlyle confirmed its interest.

The legislative initiative comes a week after the New York Thruway Authority, which is in charge of the massive project, directed bidders to detail how they would “maximize public dollars” by increasing mass transit, adding bike and...
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