Cuomo Asks Feds For $2.9B Loan To Replace Tappan Zee

Law360, New York (September 7, 2012, 8:21 PM EDT) -- New York Gov. Andrew Cuomo and the state Thruway Authority have asked the federal government for a loan of up to $2.9 billion to help fund a $5 billion plan to replace the Tappan Zee Bridge, according to information made public Friday, after lawmakers voted to make the project eligible for federal money once again.

The state initially sought a $2 billion loan through the Transportation Infrastructure Finance and Innovation Act, a federal program for big infrastructure projects that have trouble securing private funding, back in...
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