Public-Private Plan for Goethals Trades Higher Costs for Faster Construction

Public-Private Plan for Goethals Trades Higher Costs for Faster Construction:

The Port Authority will be paying a premium to get a new Goethals sooner, which will in turn save the agency from spending large sums to maintain the old bridge. It’s a Plan B made necessary by the authority’s inability to use traditional financing methods immediately. It’s not a source of free money or huge efficiencies.