Closely Monitor Thruway Authority Finances
ALBANY, NY
— State Comptroller Thomas P. DiNapoli today announced he has approved a $3.14 billion contract between the
state Thruway Authority and Tappan Zee Constructors to design and build the new
Tappan Zee bridge.
“Replacing
the Tappan Zee Bridge is New York State’s largest single infrastructure project
and is vital to our economic prosperity,” DiNapoli said. “To protect
taxpayers, my office will closely scrutinize the Thruway’s oversight of the
construction of the new bridge. The Thruway Authority is responsible for
proposing a financing plan and must live up to its commitment to pursue the
lowest cost options and ensure that its customers are paying the lowest
possible tolls. Every effort must be taken to minimize costs for this project
and protect the long-term fiscal health of the Thruway system.”
DiNapoli’s contract
approval does not constitute approval of any financial plan, toll increase or
debt issuance. The Comptroller’s office will examine these matters separately
and will monitor and audit the Thruway’s finances to hold the Authority
accountable on issues of transparency, fiscal stability and operational
efficiency.
The 66-month
contract was won by Tappan Zee Constructors, a joint venture of Fluor
Enterprises, Inc., American Bridge Company, Granite Construction Northeast,
Inc. and Traylor Bros., Inc. The Thruway Authority received three bids
for the project.
The approved
contract takes effect immediately.
To read the
approval letter, visit: http://www.osc.state.ny.us/press/releases/jan13/tappan-zee-bridge-contract.pdf
SOURCE: Press Release
Comments 5
3 billions is just a down payment watch and see.it will be at least 12 billion thats a lowballguess.
TO INSTALL A RAIL SUSYEM WOULD MEAN LESS TOLL REVENUES FOR THE GREEDY BASTARDS!
WHY IS ANYONE SHOCKED AT THIS?
IT HAS ALL BEEN PLANNED FROM THE BEGINNING.
WE ARE NOTHING BUT ECONOMIC SHEEP.
new TPZ bridge without rail service is similar to new Met Life stadium without a dome.
$500-800 million towards administrative costs alone to build a bridge with NO rail service….NICE
Let us know when you get to the financial plan Tom, then the fireworks will start.