Nearly $3 Billion in New Contracts Will Challenge N.Y. Region Bridgebuilding
Construction officials in and around New York City celebrated on April 24 the award of nearly $3 billion in new bridge construction contracts as a boost to the region's economy and job growth.
The awards, by the Port Authority of New York & New Jersey, include significant rehabs of two key bi-state crossings and the region's first major public-private partnership (P3) financing arrangement in the $1.5-billion project to replace the antiquated Goethals Bridge.