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Monorail between Miami and Miami Beach may finally be on track

July 12, 2019

Casino giant Genting Group is closer to build and operate a monorail between Miami and Miami Beach after getting county’s approval this week. Together with BYD, they ensure the project could be done economically and fast.

With the approval, the companies can now move forward with the bidding process for the transit system. The mayor Carlos Gimenez and the press already released this information:

Cost
The project will cost around $400 million. Genting will provide $150 million, and the remaining $240 million would come from local governments: $100 million from Miami-Dade, $100 million from the state of Florida, and $20 million each from Miami Beach and Miami.

Genting also requires an annual subsidy for operations and maintenance, but it will be under $11 million per year.

Station locations
On the Miami side, Genting is giving its property as a station location; the company wants a land swap for an unknown property in exchange. Now in Miami Beach, no station location or locations have been revealed.

Ticket prices
Ticket prices have not been revealed.

Contact Us For More Information

Call Us At: 305 397 8788
605 Lincoln Road Suite 302 Miami Beach, FL 33139
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Contact Us

Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

  • This field is for validation purposes and should be left unchanged.