BRADENTON, Fla. - The Florida Department of Transportation on Friday suddenly pulled the plug on the long-awaited $1.2 billion Port of Miami tunnel project and said it would not close on the state's largest pubic-private partnership with the consortium known as Miami Access Tunnel.

The announcement will require that Miami-Dade County determine what to do with proceeds from $102.5 million of general obligation bonds it sold in April to fund a portion of its payment toward the P3, in which the county and city of Miami also were partners.

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