Miami Condo Market and Lifestyle Updates
The 'Deep Dredge' - will create 30,000 new jobs and increase PortMiami’s annual economic impact to more than US$34 billion.

The 'Deep Dredge' - will create 30,000 new jobs and increase PortMiami’s annual economic impact to more than US$34 billion.

by Sep Niakan | December 09, 2013

 

Governor Rick Scott recently toured the site of the start-up of PortMiami’s dredging project that is deepening the Port’s channel to minus 50/52ft.

The 'Deep Dredge' project is expected to create an estimated 30,000 new jobs for Florida families and enable PortMiami to be the only US Atlantic port south of Virginia that will be able to accommodate the super-sized container vessels that will begin passing through the expanded Panama Canal in 2015.

Governor Scott said: “The work at PortMiami will ultimately create thousands of opportunities for Florida families. The deepening of Miami’s channel will create 30,000 new jobs and increase PortMiami’s annual economic impact to more than US$34 billion. Projects like the ones here at PortMiami are creating an opportunity economy that will create careers for generations to come.”

The project will strengthen Florida’s economy by attracting new business and creating jobs in the region by being one of only four US Atlantic ports to be at 50ft when the deeper and wider Panama Canal opens just two years from now.

The Deep Dredge positions PortMiami to take advantage of increased trade opportunities with Asian markets enabling South Florida to grow in stature as a trade hub and logistic center. PortMiami expects to double its container cargo traffic by the end of the decade.

“I would like to thank Governor Scott and the Florida State Legislature for their support in making our dredge project a reality,” said Bill Johnson. “PortMiami will be big ship ready when the expanded Panama Canal opens in less than two years. It is a win not only for South Florida but entire state  and region providing new opportunities for increased international trade and commerce.”

FDOT Secretary Ananth Prasad: “I applaud Governor Scott for his continued focus on Florida’s seaports. This critical transportation project allows Florida to remain competitive as we continue our efforts to increase trade opportunities with the expansion of the Panama Canal.”

PortMiami contributes US$27 billion annually to the local and state economies and supports more than 200,000 jobs statewide.  The economic impact is expected to grow significantly in coming years with the dredging project alone creating an estimated 30,000 new jobs.

The state has committed a total of US$112 million, and Miami-Dade County is providing an additional US$108 million for the project.

The PortMiami Deep Dredge is scheduled to be completed in 2015 in tandem with the opening of the expanded Panama Canal.

 

Source: sandandgravel.com

Recent posts

Real Estate News

Move over Edgewater condos, here come the hotels

by Sep Niakan | February 22, 2017

A previous blog on how a petition to privatize an alley adjacent to Cité Condo sparked rumors of a new hotel coming to Edgewater did spark another thought process. It seems the latest trend for developments in Edgewater is to either be a...

Lifestyle

Where to Find the Best Latin and Caribbean Food in Miami?

by Sep Niakan | February 15, 2017

Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...

Lifestyle

A Note from Sep: Valentine’s Day Thoughts in Miami, The Global City

by Sep Niakan | February 14, 2017

Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...

Real Estate News

2017 is Going to Be a Renter’s Market for Downtown Miami Condos and Apartments

by Sep Niakan | February 12, 2017

If you thought living in Downtown Miami was a distant dream, think again. 2017 comes bearing great news for those who’ve always wanted to live close to the urban core but couldn’t afford it. You will now be able to rent a Downtown Miami...