Marine Link
Wednesday, October 26, 2016

Funding Plan for Port of Miami Dredging Project

March 8, 2011

Governor Rick Scott announced plans to fully fund the $77m shortfall for the port dredging project so that larger ships can enter the port. 

“Today I directed the Florida Department of Transportation to amend their work plan to include $77 million so that Florida can take another leap forward in international trade,” Scott said. “This is the type of infrastructure project that will pay permanent, long-term dividends, and provide a solid return on investment for Florida’s taxpayers.”
Flanked by Senator Marco Rubio, Congressman Mario Diaz-Balart, Congressman David Rivera, and Colombian Ambassador Gabriel Silva, the Governor unveiled his intention to invest in the types of infrastructure projects that have long-term, permanent payoffs. The Port of Miami dredge project is projected to result in 30,000 new jobs for the region in the coming years.
Once the port is dredged to a depth of 50 feet, larger, “New Panamax” ships can load and unload cargo there, enabling the Port of Miami to become a “first port of call” for ships coming through the expanded Panama Canal in 2014.
“This is a solid first step toward enhancing Florida’s infrastructure and getting our state ready for a new generation of international trade with South America and beyond,” said Governor Scott. There are a number of worthy infrastructure projects that deserve our attention, and as Floridians, we know best where our resources should be focused.”

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News