New York officials announced Tuesday that the state's plan for a new span to replace the current Tappan Zee bridge has been approved by the Federal Highway Administration.

The approval is the last step in the review of the project's environmental impact, and the state can now move forward with implementing a plan to build the bridge.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.