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Tappan Zee Bridge: Thruway Authority to issue bonds so construction can start

An artist's rendition of the design for the

Photo credit: NYnewbridge.com | An artist's rendition of the design for the new Tappan Zee Bridge that was selected by the state Thruway Authority. (Dec. 5, 2012)

The New York State Thruway Authority board voted Thursday to issue $500 million in short-term bonds to jump-start construction on a new Tappan Zee Bridge while federal officials decide whether to grant a low-interest loan critical to the $3.1 billion project's financing.

At its monthly board meeting, the board agreed to issue the bonds to cover costs that will be incurred during the next six...

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