Florida Seaport System Plan - SeaCIP

Florida Seaport System Plan
Table 5.10
Summary of Identified Port Rail-Connector Project
Needs
Airport or
Seaport
Capacity
Upgrade
Grade
Separation
Freight Rail
Rehabilitation
New Line and Maintenance
Total
Port Canaveral $0 $0 $50,000,000 $0 $50,000,000
Port Everglades $60,500,000 $87,000,000 $0 $0 $147,500,000
Port of Jacksonville $20,000,000 $0 $0 $0 $20,000,000
Port of Miami $0 $0 $36,900,000 $36,900,000
Port of Palm Beach $3,700,000 $0 $100,000,000 $0 $103,700,000
Port of Tampa $30,300,000 $40,000,000 $13,900,000 $6,400,000 $90,600,000
Total $114,500,000 $127,000,000 $163,900,000 $43,300,000 $448,700,000
Source: Cambridge Systematics.
Note:
Identified project costs impact goods and passenger movement to and from key seaport
and airport model hubs. A blank cell does not necessarily indicate an absence of
projects in this category. Project cost may not have been identified by the source(s).
5.4 Available Funding Programs
A multifaceted funding program is a key element to achieving the objectives of
Florida’s seaport system. While seaports are largely self funding through their
revenue streams, they look for funding partners, typically on a match basis, to
expand and accelerate their programs. There are a variety of funding sources
available to Florida’s seaports. Different sources have different requirements
regarding the types of projects that are eligible and typically have defined
requirements for applying. In addition, the ability to expand or grow these sources
varies. Examples of several key funding partner programs are listed below.
• FSTED. FSTED is the primary state seaport funding program for on-port
investments. The program was created by statute and provides funding on
an annual basis to Florida’s 14 deep water seaports. Projects must be
consistent with a Port’s Master Plan the Florida Transportation Plan and the
State’s economic and land use goals. The FSTED program helps finance
port projects on a 50/50 or 75/25 matching basis.
• Strategic Intermodal System (SIS). With the adoption of the SIS in 2003,
Florida has focused on the development of an investment in a statewide
network of high-priority transportation facilities vital to Florida’s economy
and quality of life. Eleven of 14 deepwater seaports are designated as SIS
facilities, Emerging SIS, or planned Emerging SIS facilities. SIS funding is
programmed over a five-year period and is used for capital improvement
projects enhancing multimodal connectivity and accessibility through
highway, rail, and aviation connections as well as for on port capacity
projects. Match requirements vary by project type (50/50 or 75/25).
5-16 Florida Department of Transportation
December 2010