New hotels and terminal expansions are on the menu at Miami International Airport, which just received government approval to spend up to $5 billion over the next 5-15 years on a major capital-improvement program.

The project greenlighted by the Miami-Dade County Board of County Commissioners is intended to ready the airport for anticipated growth that includes an estimated 77 million annual travellers by 2040. In 2018, 45 million passengers used the airport, including 21.8 million international travellers.

“MIA is Miami-Dade County’s leading economic engine and busiest gateway, generating nearly $31 billion in business revenue and welcoming 96 per cent 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.”

Major components of the plan include redeveloping the Central Terminal’s concourses E and F; expanding the South Terminal’s concourses H and J; renovating Concourse D’s gates to accommodate more wide- and narrow-body aircraft and larger regional jets; adding two new hotels, including one with a business and conference centre with exhibition space; and expanding aircraft parking positions and warehouses for cargo operations.

Business Traveller looked at the expansion plans of ten more US airports here:

The 10 US airports set for billion-dollar expansions