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Port of Miami to switch sponsor and debt market

12 December 2008

Babcock & Brown hopes to transfer its interest in Port of Miami concession to Meridiam Infrastructure, subject to Florida Department of Transportation approval. Bouygues will retain its existing stake, and the project will continue under the same terms as those under which the project was awarded. Once the transfer is complete, a number of banks are in line to finance the project. However, local press reports have suggested that the state is...

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