Miami Port Unveils $900 Million Tunnel to Ease Truck Traffic
The tunnel is part of a $2 billion capital-improvement plan at the port, which is preparing for the larger ships that will pass through the Panama Canal after its widening is completed next year. The port’s debt surpassed $1 billion for the first time this month as it has ramped up borrowing to pay for a harbor-deepening project and other upgrades.
Florida’s Miami-Dade County sold more than $200 million in revenue bonds this month to help finance construction of the tunnel, which connects the world’s largest cruise-ship hub to Interstate 395.
The port held an “opening ceremony” and said the tunnel would soon be open to traffic.
