Tappan Zee Project: Governor Announces USD 500 Million in EFC Loans

Governor Andrew M. Cuomo said yesterday that the New York State Environmental Facilities Corporation (EFC) will make up to $511.45 million in low-cost loans to the New York State Thruway Authority for environmental protection and Hudson River restoration projects related to the New NY Bridge project to replace the Tappan Zee.

Along with the $1.6 billion Transportation Infrastructure Financing and Innovation Act (TIFIA) loan last year from the U.S. Department of Transportation, the EFC loans will help keep tolls on the new bridge as low as possible.

The loans will be made from EFC’s Clean Water State Revolving Fund (CWSRF), which is used to support construction expenses that align with the environmental standards including those outlined in the New York-New Jersey Estuary’s Comprehensive Conservation and Management Plan.

The EFC loans will go toward environmental projects that will protect water quality and marine life in the Hudson River estuary, including protection of endangered sturgeon, oyster beds and other habitats, during and after construction of the New NY Bridge.

Environmental projects to be financed through EFC and the CWSRF include:

– Restoration of Piermont Marsh;

– Oyster bed restoration;

– River bottom armoring;

– Stormwater treatment at landings;

– Underwater noise protection (bubble curtains) during pile driving;

– Dredging and mound removal;

– Dredge material disposal;

– Removal of the existing bridge;

– Shared use path for pedestrians and bicycles;

– Endangered Peregrine Falcon nest box relocation;

– Net conservation benefit plan (Atlantic sturgeon);

– Channel Restoration of Gay’s Point.

Press Release, June 17, 2014

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2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

The meeting will provide a forum for the exchange of information of interest to the dredging industry and its associates.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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