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Greater Miami Expressway Agency points to higher maintenance scores and a Fitch upgrade, pledges toll‑collection improvements
Summary
GMX officials told the board they have raised their Maintenance Rating Program score to 93 and received a Fitch rating upgrade, which they said will improve bond terms; officials also described a lane‑level modernization expected to raise toll‑by‑plate collections.
Rafael, a representative of the Greater Miami Expressway Agency, told the board the agency has advanced a broad maintenance program — replacing reflective sheeting, upgrading lighting to meet FDOT standards, sandblasting structures and deploying smart lights — and that those efforts are reflected in an MRP score now reported as 93.
“We believe this is a recognition of our sound fiscal management and strong financial outlook for the agency,” Rafael said, noting a recent Fitch rating upgrade. He added that an improved bond rating positions the agency to secure “favorable terms when issuing bonds,” enabling more efficient…
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