PortMiami moves forward with expansion projects

PortMiami moves forward with expansion projects
PortMiami
The bonds will allow PortMiami to continue with its joint infrastructure projects with several cruise lines

PortMiami is continuing to progress with its expansion plans, after Miami-Dade County officials authorised the issuance of US$335 million in bonds to the port in Miami, USA.

“Miami-Dade County is committed to growing the business at PortMiami,” said Carlos Gimenez, mayor of Miami-Dade County. “These bonds are critical to maintaining the progress at our Port.  Because of its tremendous success, PortMiami is recognised as the cruise capital of the world and a cargo global gateway. We are not stopping now!”

The bonds will allow the port to continue its joint cruise infrastructure projects with Carnival Corporation, Disney Cruise Line, MSC Cruises, Norwegian Cruise Line, Terminal Link Miami and Virgin Voyages, as well as several other infrastructure developments intended to expand its business opportunities.

“We support PortMiami’s cruise and cargo partners,” said Rebeca Sosa, vice chair of the Miami-Dade Board of County Commission, and chairwoman of the Tourism and Ports Committee. “These bonds will provide for continued development at PortMiami, one of Miami-Dade County’s leading economic engines. This represents more jobs, more growth and more opportunities for our community.  We are very grateful for our partners.”

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Alex Smith
By Alex Smith
10 September 2020

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