USA's Miami International Airport set for $5bn modernisation project
Five-component megaproject to see extensive construction, expansion, and redevelopment work over 15 years
The Miami-Dade County's board of county commissioners has approved a capital improvement programme for America's Miami International Airport (MIA) that will fund up to $5bn in airport-wide modernisation projects over the next five to 15 years, supporting MIA plans to reach 77 million travellers by 2040.
The programme is designed to address all of the airport’s future capacity and operational needs through five sub-programmes that include a redevelopment of Central Terminal's 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, one of which will feature a business and conference centre with exhibition space, and other miscellaneous landside projects; and expanded aircraft parking positions and warehouses for cargo operations.
Commenting on the development, Miami-Dade County Mayor, Carlos A Gimenez, said: "MIA is Miami-Dade County’s leading economic engine and busiest gateway, generating nearly $31bn in business revenue and welcoming 96% of all visitors to our community.
MIA, which celebrated its 90th anniversary in September 2018, surpassed 45 million annual passengers for the first time in the same year.
The Miami airport is America's busiest aviation hub for international freight as well, the airport's operating team said in a statement.