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. “We signed an agreement to proceed; now they have to find financing,” says Dick Kane, FDOT spokesman. The state has set a deadline of Oct. 1 for financial
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.