Port Access Project: The Port of Miami Tunnel

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Port Access ProjectThe Port of Miami Tunnel
July 11, 2007
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Port AccessImportance of Port

• POM is top international cruise terminal, 10th
  international cargo port based on containerized
  shipments, and top seaport in Florida based on
  dollar volume

• 20.7 billion in imports/exports
• 81,800 jobs
• 5 billion in wages
• 12 billion in economic output

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Port Access Change is Badly Needed!

• College students, faculty visitors at risk from
  POM traffic
• Federal judges see port-bound heavy vehicles as
  major security risk
• Overtown Park West residents want port traffic
  off neighborhood streets
• Upper reaches of downtown being developed

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Port AccessExisting truck routesthrough
Downtown Miami

• Trucks currently travel through NE 1 and 2nd
  Avenue
• Must go through 6 to 7 signals inbound and
  outbound

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Port AccessTruck traffic will increase

• Nearly 5,500 trucks buses travel to/from POM
  through downtown streets
• By 2030, estimated truck traffic
  will nearly double

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Port AccessYears of Planning

• Since 1979, improved access to Port of Miami seen
  as necessity
• Nearly every option explored
• In 1989, FDOT analyzed eight alternatives in
  Project Development Environmental (PD E) study

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Port AccessOption Selected

• Tunnel under main channel of Government Cut
• Roadway work on Dodge and Watson Islands
• MacArthur Causeway Bridge widening

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Port AccessBuilding the Tunnel

• Involves specially-constructed Tunnel Boring
  Machine approx. 42 ft. high
• TBM consists of cutter head and trailing support
  gear
• Excavation will take just over one year6 months
  in each direction

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Port Access FDOT Procurement Schedule

• December 5, 2005 Industry Forum
• February 17, 2006 Releases Request for
  Qualifications
• April 12, 2006 Receives Statement of
  Qualifications from potential bidders
• April 28, 2006 Announces short-list of bidders
• November 1, 2006 Publishes Request for Proposals
• March 5, 2007 Receives proposals from 3
  short- listed bidders
• May 2, 2007 Best Value Proposal named - MAT
• Next Step MAT (Miami Access Tunnel) Contract
  Execution

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Port AccessPPP Overview

• Concessionaire will design, build, finance,
  operate and maintain tunnel
• Proposals received on March 5, 2007
• Best Value Proposal named on May 2, 2007
• Miami Access Tunnel Team was identified under
  Notice of Intent to Award, subject to local
  funding

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Port AccessTunnel PPP Agreement

• 35-year agreement between FDOT concessionaire
• FDOT begins availability payments once tunnel
  opens, adjusted for inflation
• Estimated to be 2012
• 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

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Port Access Project Capital Cost

• Top Ranked Proposal capital and related cost -
  665 million
• 150 million for risk reserve for geology risk
  and related items
• 50 million for project inspection
• Total capital cost - 865 million (FDOT cost
  estimate at 1.2 billion)

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Port Access Construction Schedule

• Upon execution of Concession Agreement, FDOT will
  issue a Notice to Proceed design
• MAT will have nine-month period to begin
  construction
• In RFP response, MAT stipulated a 47-month
  construction schedule
• MAT must meet defined construction period

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Port Access Construction Schedule
5-Year Construction Period beginning in 2008

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Port AccessFunding the POMT

• FDOT contributing 50 of capital cost (432.5
  million) from Strategic Intermodal System (SIS)
  funds
• Local partners must match capital costs
• FDOT funding tunnel Operations Maintenance from
  statewide maintenance funds (about 200 million
  over 30 years)

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Port AccessFunding the POMT

• Cash Flow
• 100 million during construction
• 350 million upon POMT completion
• Remaining in annual availability payment
• Covers both remaining capital and annual
  operations and maintenance costs
• Proposal at 33 million in 2007 dollars (FDOT
  estimate at 68 million)
• Amount will adjust based on annual inflation

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Port Access Benefits

• Provide direct connection from POM to interstate
  highways from I-395 via Watson Island
• Maintain POM as Countys second-leading economic
  generator
• Relieve congestion from downtown streets
• Keep port competitive

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Port Access Public Support

• Miami Herald encourages County Commission to
  endorse FDOTS plan for port tunnel

• Public officials local business owners
  recognize tunnel is essential

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Port Access Project Website
www.portofmiamitunnel.com
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Port AccessA Challenge we can meet!