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

Lifestyle

10 December Holiday Events You Won’t Want to Miss

by Sep Niakan | December 06, 2016

It’s my favorite time of year to be in Miami! The weather has cooled off a bit. The city’s abuzz with people from every corner of the world (thanks to Art Basel). The holiday spirit is gradually taking over, and there’s a bunch of...

Lifestyle

Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...