carrying 12,000, 13,000, triple the volume. >> it means taking out port miami0 feet, the same depth as the panama canal. >> getting the goods to shore is just one part of the strategy. getting them out as fast as possible is the other. >> it took us 2 years to dig the tunnel. >> more than a quarter of the $2 billion is for the construction of this tunnel. >> we are about 120 feet below sea level. we are going to provide that direct link from the major interstate right to the port. >> the goods that don't get loaded onto trucks wind up on a rebuilt rail system that span out to destinations all over the country. with all these big investments, port miami is hoping for a big payoff. 33,000 new jobs. could say that payback maybe -- critics say that payback may be tough, considering that miami is one of several ports vying for the business. expandingthe first from the panama canal. port miami in summer 2015 will be big ship ready. that's our phrase, big ship ready. bloomberg national correspondent carol massar with us there. when we come back, holiday travel can mea

carol massar shows us how. >> it is a big day for port miami. long-awaited delivery of cranes, costing $40 million. they traveled more than 90 days from shanghai, battling storms along the way. >> these cranes that are coming in, they are huge. >> four of the world's largest. they have a reach of 22 containers across. they are the big boys. >> the cranes are needed for big ships, which now mostly dock in california. miami is hoping more goods will arrive. >> you will see ships carrying triple the volume. >> this means digging out port miami. >> this will go to 50 feet, the same depth as the panama canal. >> getting the goods to shore is one part of the strategy, getting them out as fast as possible is the other. >> it took us two years to dig the tunnel. >> more than a quarter of the money the port is spending is being spent on this title under the biscayne bay. >> we will provide a link from a major interstate right to the port. >> the goods not loaded onto trucks will be on a ramp fanning out to destinations all over the country. art miami is

p3s as well and i mentioned again, the two projects in florida, and the 595 toll road, and the port of miami tunnel, and these are both availability payment transaction and again, once again, florida, dot made projections and the engineer's estimates and the p3 bids and the design build components were dramatically less than the engineer's estimates. and the denver fast track and the project and a similar in some ways. and similar to dtx and it is a transit project. and it is based upon the design building of additional tracks and stations and any rail and maintenance yard and this was the procurement of the vehicles in the ongoing operations and main nens for those vehicles. and so imagine, baters trains being subject to performance based payments in terms of cleanliness and appearance in terms of p3, operating agreements. and is there a last one that was prosidio parkway and the winning developer the bid was 271 million dollars when the actual cal transestimate was close to 470 million dollars. and again, the petri developer assumes the responsibility to go out and solicit the funds and de

while defending champions miami fought back from fifteen points down to beat indiana ninety seven ninety four one hundred port bron james said he'd play forty five minutes before the game despite having it twisted locked down pulled however four minutes into the third quarter the in-form pacers went sixty three forty nine ahead when pulled george dry as three points up but miami rallied late in the third james cut the deficit to five grand why it went on to finish with thirty two points as the heat changed that third straight victory. well meanwhile six times a year a league win a says guy will be going to fellow russian side look i want to combine for the big match of the top sixteen after winning a part as i'm belgrade in their final group game at torrey messina side trying to set. three sixty two in the serbian capital to finish second in group by the same seven three record is third place barcelona but the army men have better head to head results parties and finished full and also through to the top sixteen where they'll meet again in. the army men will stop their campaign. at the beginning of january. i

portugal is not happy one and they have people turnaround in ports of entry and it is much better to have people to receive -- to have them be told in miami or los angeles or new york they're not coming in with their family but had to turn back so they are there, the brazilians are looking for assurances they won't repeat the experiences they had in lisbon and madrid but also these the waiver programs like global entry programs and other measures designed to facilitate travel have a security component to them. it is not that we ask people for information on travelers, but we want the thumbs-up or thumbs down, whether there are risks or not based on information available to national governments and to dig through databases right now. to share risk assessments, they doubt they are legally allowed to do but we think there is a way forward on this. we think we can solve these problems but it is going to take some hard work on both sides but we think there is a region see to it. >> thanks. i work with many multinationals operated in brazil and for many of them the cost of doing business is quite high and can be higher than brazilian firm due t

been a happy one and they have had people turn around at the ports of entry and it's better to have equal denied a visa and to be told in miami or los angeles or new york that they have to turn around and go back. so the brazilians were looking for assurances that they wouldn't repeat the experiences they had in lisbon and madrid. but also the visa waiver program's like the entry programs and other measures designed to facilitate travel, i had the security compliment to them. it's not that we ask people for information on travels, we don't. but we do want them to give us a thumbs-up or thumbs down whether there are risks are not the based on information available to national governments. and this is very hard because it requires them to first of all to dig through databases that are not easily connected right now but secondly to share risk assessments that they doubt they are legally allowed to do. we think there was a way forward on this. we think we can solve these problems but it's going to take some hard work on both sides. we think there is some urgency to it. >> in the center here. >> thanks. i work with many multinatio