A new cruise terminal will be built in Miami. After an MoU was signed between MSC Cruises and Miami-Dade County, the two parties agreed to construct a new Cruise Terminal AAA at PortMiami.
This agreement is expected to generate approximately $14 million in gross revenues in 2019. It is also anticipated to grow to approximately $16 million in FY 2020 with an increase of 3% each year thereafter.
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The MoU will allow PortMiami to negotiate the agreement for the development of a new cruise terminal. This facility will homeport the cruise line’s largest vessel, currently on order, which will be carrying approximately 7,000 cruise passengers.
Last year Miami served more than 5.3 million travelers, more cruise passengers than any other port in the world. PortMiami is currently accomodating 22 cruise lines.
Miami-Dade County Mayor Carlos A. Gimenez, mentioned:
The construction of a new cruise terminal AAA with the capacity to berth an additional 7,000-passenger cruise ship represents thousands of jobs and increased opportunities for our community. We are grateful for MSC Cruises continued partnership.