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INFRASTRUCTURES * USA: Tappan Zee Bridge
* New York - Toll confusion has Tappan Zee drivers seeing red
Albany,N.Y.,USA -The Associated Press, by DAVID KLEPPER -22 Sept 2014: -- At $3.9 billion, the new Tappan Zee Bridge is one of the most expensive public works projects in U.S. history. Yet even a year into construction, New York hasn't detailed how it plans to pay for it and how much will be passed on to motorists in the form of tolls... Anxiety over bridge financing deepened this past week when the Environmental Protection Agency balked at Gov. Andrew Cuomo's proposal to use $511 million in federal clean water loans on the project... And Cuomo himself later dismissed another creative financing suggestion: tapping some of the billions of dollars New York has collected in recent months in legal settlements over alleged wrongdoing by banks and insurance companies... State officials won't provide their estimates for the toll — currently $5 — that will be needed to make payments on the bonds and loans that will finance construction, though figures of $9 and as high as $14 have been mentioned. Some motorists worry the toll could even approach $20, which would make it among the most expensive crossings in the nation...
Labels: infrastructures' plan
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