The FSTED Program, crafted to finance port transportation projects on a 50-50 matching basis, creates a partnership between the state and its seaports. It was established in recognition of the economic benefits of Florida’s international trade and the need for investments in infrastructure for continued growth.
PortMiami, one of the fastest growing container ports in the US, is considered a vital economic engine in Miami-Dade County and the state. It contributes $43bn annually to the local economy and supports more than 334,500 jobs.
Cruise terminal upgrades, night-vision cameras
The FSTED $3.9m grant funding will be used for cruise terminal improvements and upgrades to existing facilities and berths, and to help finance three new cruise terminals over the next few years.
Additionally, PortMiami will get $108,075 from FSTED’s new Port Security Grant program. This special program provides $1m divided among Florida’s 15 deep-water ports. PortMiami will allocate this funding for 43 night-vision cameras used for waterside surveillance.
Sustained infrastructure investments are critical
'Our goal is to continue to increase regional and global competitiveness at PortMiami,' Miami-Dade County Mayor Carlos A. Gimenez said. 'We thank our state partners for their continued support. This grant funding is another way we continue to grow the economic significance of PortMiami. Sustained investments in infrastructure are critical in order for the port to maintain its status as a global gateway.'
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