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$1.6B partnership deal inked to replace Goethals Bridge

$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.

By Randy A. Simes

Randy is an award-winning urban planner who founded UrbanCincy in May 2007. He grew up on Cincinnati’s west side in Covedale, and graduated from the University of Cincinnati’s nationally acclaimed School of Planning in June 2009. In addition to maintaining ownership and serving as the managing editor for UrbanCincy, Randy has worked professionally as a planning consultant throughout the United States, Korea and the Middle East. After brief stints in Atlanta and Chicago, he currently lives in the Daechi neighborhood of Seoul’s Gangnam district.