The debate surrounding the financing of the replacement of the Tappan Zee Bridge1 has revived the need for New York State to take a hard and serious look at the use of public-private partnership (PPP) project delivery methods rather than relying exclusively on legislative appropriations and public debt to finance its infrastructural construction projects.2
The project, estimated to cost about $3.142 billion, is being constructed through a Design Build contract, a PPP project delivery method,3 and will be financed by a federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loan of $1.6 billion,4 bonds, private lending and state appropriations.5 Coincidentally, two bills pending in the New York State Assembly (A.08183)6 and Senate (S.5501)7 will authorize private companies to develop and operate public infrastructure projects in New York.
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