Welcome!

News Feed Item

Meridiam Announces The Successful Opening of the Port of Miami Tunnel

MIAMI, Aug. 4, 2014 /PRNewswire/ -- Meridiam is pleased to announce the successful opening of the Port of Miami Tunnel Project in Florida.  Financial close was previously achieved on October 15, 2009, making Meridiam a 90% shareholder in the project alongside Bouygues Travaux Publics.  Florida utilized the public-private partnership model to complete the tunnel, and the project was jointly tendered by the Florida Department of Transportation (FDOT), Miami-Dade County, and the City of Miami, representing an overall investment of $US 903 million

Meridiam Logo

The Port of Miami Tunnel Project consisted of three components: the tunnel connection between Watson Island and Port of Miami; linkages to the Port of Miami roadway system; and a widening of the MacArthur Causeway Bridge. The tunnel structure is comprised of two tubes with a diameter of 36 feet, each containing two traffic lanes, curbs, walkways, ventilation fans, and additional safety features. Through connecting Watson Island and the Port of Miami beneath Government Cut, which is the main shipping channel in Biscayne Bay, it will help move traffic eastbound to and westbound from the Port.  Furthermore, by connecting MacArthur Causeway to the Port of Miami, this project will serve as a dedicated roadway linking Port facilities with Florida's Interstate System.  The tunnel is expected to divert 16,000 vehicles daily from downtown Miami by providing a direct link to Interstate 95 and State Road 836, which connects to Miami International Airport. Before the construction of the tunnel, the only accessible entryway to the port was through Port Boulevard, which caused heavy traffic and congestion for cargo trucks and cruise ships. 

The completion of the project is tied to strong economic benefits to the community.  Since the project started in May 2010, Florida's economy has strengthened due to the hiring of 968 people, with more than 80% of those employees being Miami-Dade residents.  Going forward, in addition to traffic decongestion, inefficiencies will be reduced as there are now two dedicated lanes connecting Miami International Airport and Interstate 95 to the Port.  The tunnel will make downtown streets safer, reduce traffic and will aid ongoing and future development in and around downtown Miami. As part of the project's sustainability initiative, the tunnel will reduce idle vehicle time as well as cut the amount of vehicle emissions by allowing for more efficient travel to and from the port. 

The creation of the tunnel also provides another entry point besides the existing Port Bridge, which will maintain Port of Miami as the community's second largest economic generator, with more opportunities for national and global growth.  As a result, Miami will become an even more attractive destination by which to exit or enter the U.S. market. 

Thierry Deau, Chairman and CEO of Meridiam, states, "The Port of Miami was Meridiam's first PPP project in the U.S. and I am happy to be a part of it. Public-private partnerships represent an innovative method of delivering much needed infrastructure solutions to U.S. communities.  In this case, Miami will become an even more attractive destination for tourists and commerce alike.  Jobs have been created and needed logistical capacity was enhanced."

Current additional Meridiam projects in North America include, the Long Beach Courthouse, the Presidio Parkway, the North Tarrant Express Motorway, and the Waterloo Canada Region Light Rail Transit Project.

About Meridiam

Founded in 2005, Meridiam is a leading independently owned, global investor and asset manager specializing in public and community infrastructure.

Logo - http://photos.prnewswire.com/prnh/20140804/132966

SOURCE Meridiam

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Announcing Poland #DigitalTransformation Pavilion
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
CloudEXPO | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.