The Florida Department of Transportation announced last week that it is moving forward with the state’s largest public-private partnership — the $1.2 billion Port of Miami tunnel project.

Although signing the final contract is about a year behind schedule due to the complexity if negotiations between the DOT and its funding partners — the city of Miami and Miami-Dade County — a consortium called Miami Access Tunnel LLC will design, build, finance, operate, and maintain the tunnel project through a concession contract that provides it with availability payments for 30 years after the tunnel opens to traffic.

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