Governor Rick Scott and members of the Florida Cabinet yesterday approved $150 million in bond proceeds which will finance projects at Florida ports through the Seaport Investment Program.
The Florida Department of Transportation (FDOT) has programmed $150 million in projects to receive bond proceeds for FY 2014 which will be issued by the Division of Bond Finance.
JAXPORT will receive $27.5 million in funding, including $14.8 million for Blount Island Terminal improvements. This project includes the development/re-development of terminal facilities, wharf rehabilitation and paving, tenant building improvements, rail improvements, and drainage upgrades and repairs.
“This investment clearly sends the message once again: Florida’s leaders understand the value of building port infrastructure today, and the returns that will come in the form of jobs and economic opportunity,” said JAXPORT CEO Brian Taylor .
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Press Release, September 25, 2013