The U.S. DOT has officially thrown money at the New Tappan Zee Bridge. It’s quite a big wad, too.
The transportation chief approved a $1.6 billion loan, making it the largest in the history of the Transportation Infrastructure Finance and Innovation Act (TIFIA).
On Oct. 31, Rep. Nita Lowey (D-N.Y.) wrote a letter to the U.S. DOT asking the agency to expedite the loan process.