Florida tunnel project near to financial closing date

10/9/2009 | Miami Herald (free registration), The

A $50 million letter of credit delivered by Miami officials to the Florida Department of Transportation will allow the Port of Miami tunnel project to move ahead. The letter was necessary to proceed on a financial close for the project. The tunnel, which will run under Biscayne Bay, could cost up to $1 billion, according to some estimates.

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Miami Herald (free registration), The

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