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Investors - JULY 29, 2019

U.S. Department of Transportation commits $98m to Florida infrastructure projects

by Kali Persall

The United States Department of Transportation has funneled more than $98 million into two infrastructure projects in Florida, Transportation Today reported July 29.

The funds will be used to revamp the bridge that connects the Kennedy Space Center to the mainland and increase capacity PortMiami’s Seaboard Marine Terminal.

The Kennedy Center project, which will replace the SR 405 Cape Canaveral Spaceport Indian River Bridge, will receive $90 million of the funding, which will come from the Infrastructure For Rebuilding America grant program.

Just over $8 million will be dedicated to rehabilitating the Seaboard terminal as a more attractive trade and commerce hub.

“As Florida’s population continues to increase, we must work to ensure that our transportation infrastructure remains robust and up to date for our citizens and visitors,” said Gov. Ron DeSantis. “Our ports and spaceports are essential to our future economic success. This federal investment will further strengthen PortMiami, Cape Canaveral and our space industry, as well as our transportation infrastructure system as a whole.”

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