Malaysia based casino giant Genting and Chinese company BYD Co propose to build and operate the monorail between Miami and Miami beach in the US state of Florida.
The ambitious 'Baylink' transit project was on drawing board of the county from 1988 when the study for the project was completed. The consortium is proposing to deliver the project. The county commission will vote on July 10, 2019, whether to accept the unsolicited proposal of Genting and launch the tender process for the Baylink. The proposal doesn't specify the amount needed from the government to deliver the project, but the operation contract is expected to last decades.
The downtown Miami to Miami beach monorail corridor is one of the six SMART corridors as planned by the county. The county is yet to start any work on any of the SMART corridors. Thus getting proposals can trigger the process putting the beach route ahead of the others in terms of funding and approvals. As per the study done in 2018 by Atkins, the monorail would cost about US$ 100 million per mile to build, but the Genting proposal includes Chinese technology touted as being far cheaper than expected.
If the bidding process is commissioned for the project other bidders must match the offer by Genting including how much the county must pay to cover construction, profit, and operating expenses. Once the window for competing proposals closes, the county could pick a winner or opt to reject all of them and start a new tender.
Genting is the Malaysian casino company that owns waterfront property in downtown Miami along the proposed transit route. Joining Genting in the bid is BYD Motors LLC, a subsidiary of a Chinese company making electric cars and automated monorail systems.