Tappan Zee Bridge Project Gets $511M In New Loans

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New York's Environmental Facilities Corp. will provide $511 million in loans to help fund projects associated with the new Tappan Zee Bridge construction.
New York's Environmental Facilities Corp. will provide $511 million in loans to help fund projects associated with the new Tappan Zee Bridge construction. Photo Credit: File

TARRYTOWN, N.Y. -- Gov. Andrew Cuomo has announced up to $511 million in low-interest loans the state’s Environmental Facilities Corp. to help fund various projects associated with the construction of the new Tappan Zee Bridge, according to the Times Herald-Record. 

The loans will be used to fund the mandatory protection of the Hudson River's water quality and marine life. Most of the EFC loans will be interest free and shouldn't hinder the corporation's ability to fund other environmental projects, the Times Herald-Record reported. 

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