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The law creating the New York State Bridge Authority is found in the Bridge Authority Act, currently Sections 525 to 542 of the New York Public Authorities Law and defines the Bridge Authority's mission as “to maintain and operate the safe vehicle crossings over the Hudson River entrusted to its jurisdiction for the economic and social ...
Norfolk Southern offered the 1875 bridge to the State of New York as a tourist viewing platform of the Upper Falls, but the State declined it, citing a lack of available funding. [8] A steel arch design for the new bridge, estimated to cost $71 million, was approved in late 2014. [9] Construction started on October 27, 2015. [10]
Robert Moses, the New York City parks commissioner, also pushed the state legislature to create an authority to fund, build, and operate the Triborough Bridge. [ 10 ] : 340–344 A bill to create the TBA passed quickly through both houses of the state legislature, [ 15 ] and was signed by Governor Herbert H. Lehman in April 1933.
Governor Kathy Hochul announced the completion of a $18.6 million investment for three bridge replacement projects on I-90 in Central New York.
In annoucements, officials said funding for the bridge rebuild came out of extensive bipartisan negotiations about necessary infrastructure. I-55 bridge project: $394M federal funding secured for ...
A project to replace the River Raisin Bridge received grant funding from the federal government.
In mid-2012, the New York State Department of Labor (DOL) selected Social Finance US as its Intermediary partner in structuring an application for federal funding for a Social Impact Bond. In 2013, New York approved $30 million in its budget to support Social impact bonds over the subsequent five years.
The Verrazano-Narrows Bridge was also the last great public works project in New York City overseen by Moses. [130] The urban planner envisioned that the Verrazano and Throgs Neck Bridges would be the final major bridges in New York City for the time being, since they would complete the city's expressway system. [131]