Much to the relief of Miami officials, the Florida Dept. of Transportation and the Miami Access Tunnel (MAT) consortium have reached agreement on commercial terms for the revived $1-billion Port of Miami Tunnel project.

MAT, led by Paris-based Bouygues Publics Travaux, brought in a new French partner, Meridiam Infrastructure Finance, after its original 90% equity partner, Australia's Babcock & Brown, bailed out late last year. FDOT approved the switch in early May.

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Posted by boyang at June 10, 2009 7:43 AM