Last Wednesday, the state Thruway Authority voted unanimously to accept a $256 million loan from the state’s state Environmental Facilities Corporation’s Clean Water State Revolving Loan fund to help pay for construction of a Tappan Zee Bridge replacement.
While it was expected, the approval of the loan has been controversial. Environmental groups opposed the loan, arguing that funds that are intended to support local water and sewer systems should not be used to pay for the construction of a bridge.
Our concern is that the Thruway Authority still has not released a full financial plan for the $3.9 billion bridge project – or given any indication how much tolls are expected to increase to pay for the project.
There are far too many questions outstanding for an infrastructure project of this size and scope.
Taxpayers and Thruway users deserve to know how this bridge is going to be paid for.