$1.6B partnership deal inked to replace Goethals Bridge.
Yet another multi-billion dollar bridge replacement project is advancing in the New York metropolitan area. A couple of weeks ago we shared how the Tappan Zee Bridge replacement project got a $1.6 billion federal loan. Now a $1.6 billion public-private partnership deal has been signed to fund, build and replace the Goethals Bridge, which like the Brent Spence Bridge, is consider “functionally obsolete.” Unlike the Brent Spence Bridge project, however, is the fact that the new Goethals Bridge will reserve space for future bus or light rail service. More from Staten Island Advance:
This public-private partnership was struck between the Port Authority of New York and New Jersey and NYNJ Link Partnership, a venture comprised of private companies Macquarie Infrastructure and Real Assets Inc., Kiewit Development and lead contractors Kiewit Infrastructure, Weeks Marine and Massman Construction…Through this partnership, the developers are responsible for designing, building, financing and maintaining the new bridge and demolishing the old one.