Last week, the Thruway Authority Board of Directors unanimously selected Tappan Zee Constructors to design and build a new twin-span crossing across the Hudson River that will replace the existing Tappan Zee Bridge. The project, one of Gov. Cuomo’s top priorities, will be one of the largest public works projects in the nation.
The construction contract will be for $3.1 billion. Even factoring in the costs of environmental mitigation, management and financing, which are expected to be between $500 and $800 million, the final cost will still fall below the original projection of $5 billion.
We are pleased to see that the contract requires the team undertaking the design and construction of the new bridge to be financially responsible for cost overruns and delays. We support the use of the design-build approach, a project delivery method in which one entity works under a single contract with the project owner to provide design and construction services. We believe this process results in higher quality projects at lower cost. In short – more value to taxpayers.