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For immediate release: July 16, 2014

STATEMENT FROM
THRUWAY AUTHORITY EXECUTIVE DIRECTOR THOMAS J. MADISON

“We are pleased that the Public Authorities Control Board (PACB) today approved the first installment of the $511 million in no-interest/low-interest loans from the Clean Water State Revolving Fund for this year while we continue, as planned, to secure a second $256 million installment in 2016. These loans  have already been approved by the Environmental Facilities Corporation (EFC) to help pay for the extraordinary environmental measures designed to protect the Hudson River Estuary during and after construction of the New NY Bridge project.  All the environmental mitigation measures on the project will continue to be implemented as planned. The Thruway Authority is committed to an unprecedented level of environmental stewardship on the New NY Bridge project, and also to keeping tolls on the new spans as low as possible; this innovative financing package helps us achieve both goals.”

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