NEWS FLASH: Long-Awaited POMT P3 Finally Reaches Financial Close
Infra-Americas reports that the Port of Miami Tunnel (POMT) P3 has reached financial close. The deal has been proposed as a P3 for the past four years. The TIFIA debt portion of the project was signed earlier in the day. A total of ten banks provided US$340m of senior debt with the sponsor, the Miami Access Tunnel (MAT) consortium, providing US$80m of equity. Nossaman is mentioned as legal advisor to the Florida Department of Transportation.