MIA wins approval for up to $5 billion in modernisation projects

posted on 5th June 2019 by Justin Burns
MIA wins approval for up to $5 billion in modernisation projects

The Miami-Dade County Board of County Commissioners has given the go ahead to a new capital improvement program at Miami International Airport.

The move will fund up to $5 billion in airport-wide modernisation projects over the next five to 15 years, paving the way for future growth in passenger and cargo traffic at MIA – projected to reach 77 million passengers and more than four million tonnes of freight by the year 2040. 

The comprehensive program is designed to address all of the airport’s future capacity and operational needs through five sub-programs.

These include: a redevelopment of Central Terminal concourses E and F; an expanded South Terminal (concourses H and J); renovated Concourse D gates to accommodate additional wide- and narrow-body aircraft, as well as larger regional jets; two new hotels and other miscellaneous landside projects; and expanded aircraft parking positions and warehouses for cargo operations.

“MIA is Miami-Dade County’s leading economic engine and busiest gateway, generating nearly $31 billion in business revenue and welcoming 96 percent of all visitors to our community,” said Miami-Dade County Mayor, Carlos A. Gimenez.

“The goal of this new capital program is for MIA to provide even greater value, convenience and efficiency to our visitors, airline partners and cargo operators.”

“Because of the program’s phased structure, we look forward to delivering to our passengers and business partners new and improved airport facilities,” Lester Sola, MIA director and CEO.

In 2018, MIA surpassed 45 million annual passengers for the first time ever – an increase of nearly one million over the previous year. The gateway of the Americas served 21.8 international passengers in 2018.