On August 31, 2020 Miami-Dade County approved the Capital Asset Acquisition Special Obligation Bonds agenda item during a virtual meeting. The approval of Series 2020 Resolution authorized $335 million to PortMiami for a number of cruise related capital improvement projects including a project to boost Disney Cruise Line’s presence in South Florida.
Today Miami-Dade officials authorized $335 million to PortMiami under the Capital Asset Acquisition Special Obligation Bonds “2020 Authorization” for revenue generating capital projects with Carnival Corporation, Disney Cruise Line, MSC Cruises, Norwegian Cruise Line (Bahamas), Terminal Link Miami, and Virgin Cruise Intermediate Limited, as well as other infrastructure projects allowing the Port to continue expanding business opportunities. We’re committed to growing the business at PortMiami. We’re not stopping! #PortMiamiStrongPortMiami Statement via Twitter on September 1, 2020
In July, PortMiami merged a proposed Disney Cruise Line terminal project into MSC Cruises’ terminal project with a $300 million two-berth terminal with a shared use agreement between the two cruise lines. PortMiami references the new cruise terminal and its two berths as AA/AAA.