DiNapoli Approves Terms of $3.14 Billion Tappan Zee Bridge Contract
Comptroller to
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
Let us know when you get to the financial plan Tom, then the fireworks will start.
Posted by: threesidesto truth | January 18, 2013 at 21:08
$500-800 million towards administrative costs alone to build a bridge with NO rail service....NICE
Posted by: soyo | January 18, 2013 at 22:16
new TPZ bridge without rail service is similar to new Met Life stadium without a dome.
Posted by: ditto | January 18, 2013 at 22:21
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.
Posted by: 3.14 Billion? | January 19, 2013 at 18:03
3 billions is just a down payment watch and see.it will be at least 12 billion thats a lowballguess.
Posted by: Bam Bam | January 23, 2013 at 15:01