Record U.S. Loan

[knight1fox3]

Here you go VT.

New York received a $1.6 billion loan from the federal government and will sell $2.4 billion in bonds to build a replacement for the Tappan Zee Bridge over the Hudson River, one of the biggest public-works projects in the U.S., Governor Andrew Cuomo said.

The loan, the most ever issued through the federal transportation-infrastructure program, may help keep tolls on the bridge from almost tripling when it opens in four years, according to Cuomo. The new $3.9 billion span is the largest project in the 63-year history of the New York State Thruway Authority, which had its credit rating cut this week.

http://www.bloomberg.com/news/2013-10-31/n-y-gets-1-6-billion-u-s-loan-for-tappan-zee-cuomo-says-1-.html

Got the info in an email from NSPE.