Virgin, NCL, Carnival, MSC, Disney facilities
Specifically mentioned are $130m toward the Virgin Voyages terminal, $78m toward Norwegian Cruise Line's new terminal and its passenger boarding bridges, $70.5m for Carnival Cruise Line's new Terminal F, $5m for MSC Cruises' Terminals AA/AAA and $20m for their adjacent Berths 8 and 9 and the Disney Cruise Line Berth 10.
Not full project costs
These are not full costs for the infrastructure but portions of the port's commitments. In the case of the MSC facility, for example, that is a $300m project that will be funded by MSC Cruises. The port's obligation is for approximately $35m for environmental mitigation, capital contributions and other costs.
Boost for the cruise business
The fact that Miami-Dade County would propose to issue bonds to support PortMiami projects is a boost for the cruise industry at a time when the port itself is unable to issue more debt.
'This is a positive message the county is sending, that it sees the cruise business as viable long-term,' a source told Seatrade Cruise News.