Thruway Authority, New York Stateskip breadcrumbs
Agency Web Site: http://www.thruway.ny.gov/index.shtml
The Thruway Authority operates a 570-mile highway system, including the 426-mile mainline from Buffalo to New York City. Through its subsidiary, the Canal Corporation, the Authority maintains, operates, develops and makes capital improvements to the 524-mile navigable waterway, which includes 57 locks, 17 lift bridges, numerous dams, reservoirs and water control structures.
The Authority's 2014 annual operating and capital budget, including Canal Corporation activities, totals $2.1 billion.
While Thruway Authority and Canal Corporation programs are overwhelmingly supported by Authority funds, the Executive Budget continues to provide State funding assistance to the Thruway Authority totaling approximately $86 million. This support, which began in 2013-14, offsets the need for a commercial toll increase. This assistance finances the personnel costs of the Division of State Police Troop T that patrols the Thruway, funds a portion of operating expenses undertaken by the Thruway Authority on behalf of the State and provides for a waiver of certain annual billings due from the Authority to the State.
The Thruway has awarded a $3.9 billion contract for the replacement of the Tappan Zee Bridge which is over $1 billion less than previously estimated. The New NY Bridge project was also awarded a $1.6 billion Federal loan under the US Department of Transportation’s Transportation Infrastructure Finance and Innovation Act (TIFIA) program, the largest in TIFIA program history. Dredging and pre-construction of trestles began in Spring 2013 and construction is expected to take approximately five years.
The Executive Budget also recommends the annual $2 million appropriation for the Canal System Development Fund. Revenues collected from canal tolls and other user fees are deposited into the Canal System Development Fund and, in accordance with the State Constitution, are used exclusively for the canals.
For more information on this agency's budget recommendations located in the Executive Budget Briefing Book, click on the following link:
Note: Most recent estimates as of 01/20/2014