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Home My WebLink AboutPowerPoint Presentation-MAT FDOT - City of Miami Commission Presentation-FINAL�111U PORT OF MIAMI 9cl!Pu[91 TUNNEL PROJECT itttiP�tW ir0tt FDOT & MAT Presentation M IAM I•DADE111 COUNTY miarni ACCESS TUNNEL PROJECT MAIN PARTIES erneridiam 90% Equity Partner 10 % Equity Partner Public Sponsors OW, rirn1 0 TIFIA Trwmporeation Infrastructure Mena. 11.S. ➢ep.rtment of Transportation -fie 5 "Arc Federal Support GOING LI E$ ci1IL WORK5 FLORID Contractor ENE. TRANSFI ELD SERVICES VMS Operator PORT ACCESS: IMPORTANCE OF THE PORT • The Port of Miami is the cruise capital of the world, the 12th national cargo port based on containerized shipments, and the top seaport in Florida based on containerized shipments. $14.3 billion in imports/exports 176,000 jobs $6.4 million in wages $17 billion in economic output "Figures from 2007 Local &Regional Economic Impact of the Port of Miami Study PORT ACCESS: ECONOMIC BENEFITS TO THE CITY OF MIAMI Port of Miami operations directly and indirectly supported: 17,294 jobs in the City 400 jobs on -site during tunnel construction peak $2.2 billion annually in total economic impact ' $583 million annually in labor compensation for City residents $684 million annually in personal income for City households } Source: The Washington Economics Group, Inc. PORT ACCESS: TRUCK TRAFFIC WILL INCREASE 26,00o vehicles (Nearly 7,o00 trucks & buses) travel to/from Port through downtown streets By 2o30, estimated truck traffic will nearly double „11D4 PORT ACCESS:EXISTING TRUCK Miami ROUTES THROUGH DOWNTOWN MIAMI Port growth is constrained by current access Trucks currently travel through NE ist and end Avenue, and 5th and 6th Streets Trucks traverse congested streets and areas of pedestrian activity • I._. 31 NE tv -, II .444 'it SI E3in 3 1,403111 —St ne 7thM on. CIL `hbnrt'S:aa.Pir ',aS»ads M TY9ihvhA h Yfs1� h fi l t et. CI Ex stirs s a1:Is reg' 3 teL r3_-e5 r arc that Ct a','i�r' ileigiglr“. .14 @ixEea 8y PORT ACCESS: NEEDS & BENEFITS (7) Provide direct connection from Port to interstate highways from I-395 via Watson Island Maintain Port as County's second -leading economic generator Relieve congestion from downtown streets Keep Port competitive mien ACCESS TUNNEL OPTION SELECTED PUBLIC PRIVATE PARTNERSHIP AGREEMENT ' 35-year agreement between FDOT & concessionaire, Miami Access Tunnel: Design -Build -Finance -Operate -Maintain FDOT begins availability payments once tunnel opens, adjusted for inflation Estimated to be 2014 Payment subject to reduction if tunnel not operational during required hours Tunnel will be returned to FDOT in first-class condition at end of contract FUNDING THE POMT • Cash Flow: $ioo million during construction o $350 million upon POMT completion o Remaining in annual "availability payments" Covers both remaining capital and annual operations and maintenance costs Maximum Availability Payment (MAP) was $32.5 million at financial close on October 15, 2009 Amount will be adjusted based on annual inflation FUNDING THE POMT FDOT contributing 50% of capital cost ($432.5 million) Local partners have matched capital costs FDOT funding tunnel Operations & Maintenance from statewide maintenance funds (about $200 million over 30 years) ii#1(i / �1 Si WATSON ISLAND CONSTRUCTION STAGING sirE ENT{WICE PM++ urdW ..1 MeU 1*x Bricge {See N el Damage %VII noti 3j Roiil+w aftlii MTV W (to r 1n hl .N? 1B Noir 1ST — —— — iirmicfrulf osu5fi�tilY �;eC7f .�741t1 1.r.�ew 8.0_£ - Ripka 1 SITE ENTRANCE P E1QT par.; i?.1:i&C2 , -_81Te»n !•.xdbe 1 12' Swffir E1ILflJ 9" stiiikay GNAW sell rFrtxlm+ m� pnrcl eln { gi,1i D) �\ . Stages 1 & 2 Construction — May 2010 through September 2010 WATSON ISLAND CONSTRUCTION STAGING iagc 3 MacArthur EU Edge af Pavement } Jersey Barrier SITE EXIT BITE ENTRANCE ,ler9ey Barrier Ara pqrliihr Shift MacArthur Bridge EB & WB traffic to right Build MacArthur Bridge EB & WB 4th lanes Bore EB & WB tunnels to Dodge Island Tunnel corridor Stages 3 & 4 Construction - September 2010 through March 2014 II MANAGEMENT OF TRAFFIC 3-lanes to be maintained in both directions on MacArthur Causeway during peak hours Temporary lane closures in accordance with approved FDOT procedures Full-time Communications Manager Full-time Traffic Manager Full-time Health & Safety Manager Emergency Response with Road Rangers WATSON ISLAND CONSTRUCTION STAGING Stage 5 Construction - Open for traffic May 2014 QUESTIONS? THANK -YOU!