N.Y. State Thruway Authority set to finish I-95 infrastructure project

The New York State Thruway Authority is on the road to finishing a reconstruction project for a heavily-traveled stretch of Interstate 95.

The authority announced this week that construction has begun on a $135 million infrastructure initiative on a northbound section of the I-95 New England Thruway from New York’s Westchester County to the Connecticut line known as the “Last Mile”, which draws more than 140,000 daily motorists. The project aims to bring finish 14 miles of reconstruction work over several decades on I-95 in Bronx and Westchester.

The Millennia development project at 20 Burling Lane, far left, stands across the New England Thruway in New Rochelle, U.S., on Tuesday, May 30, 2017.
The Millennia development project at 20 Burling Lane, far left, stands across the New England Thruway in New Rochelle, U.S., on Tuesday, May 30, 2017. Photographer: Michael Nagle/BloombergA pair of high-rise apartment towers is set to replace a decrepit parking deck in New Rochelle, extending the New York suburb's effort to draw younger residents by touting its urban feel and access to mass transit. Photographer: Michael Nagle/Bloomberg
Michael Nagle/Bloomberg

“This long-anticipated project to upgrade the ‘Last Mile’ is finally coming to fruition,” Thruway Authority Acting Executive Director Matthew J. Driscoll said in a statement. “This comprehensive project will benefit the thousands of motorists who travel this stretch of I-95 every day and improve the quality of life for residents who live nearby, bringing the roadway to modern standards and increasing safety.”

Yonkers, N.Y.-based ECCO III Enterprises Inc. was awarded a Design-Bid-Build Best Value contract for the project. The full work is expected to be completed in 2021.

Major components of the project will include wider shoulders, updated pavement markings as well as the installation of guardrails and barriers. Several ramps will also be upgraded and reconfigured from the I-287 Cross Westchester Expressway to I-95 North in the Rye and Port Chester. The Grace Church Bridge is slated to be replaced with other bridges along the stretch planned for rehabilitation.

“The Thruway Authority is about to undertake the large and necessary ‘Last Mile’ project to address safety issues at the I-95/I-287 merge to the Connecticut border,” New York State Assemblyman Steve Otis, D-Rye, said in a statement. “Thanks go to the Authority, which adjusted many elements of the plan to address the concerns of local governments and residential neighbors.”

The NYSTA, which sold $592 million of general revenue refunding bonds on March 1, is rated A2 with a stable outlook by Moody’s Investors Service. The agency has issued more than $13.2 billion of debt in the last decade and had $5.4 billion of total bonds outstanding before the March transaction, according to Moody’s. It is responsible for overseeing and maintaining the 570-mile New York State Thruway system.

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Infrastructure Transportation industry Toll revenue bonds New York
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