ABOUT MIAMI INTERNATIONAL AIRPORT
Miami International Airport (MIA) is Miami-Dade County’s leading economic engine, generating $118 billion annually and contributing approximately 700,000 direct, indirect, and related jobs to the local economy. Founded in 1928, MIA is America’s busiest airport for international freight and the second busiest for international passengers. MIA offers more flights to Latin America and the Caribbean than any other U.S. airport and boasts a lineup of over 90 air carriers.
A GLOBAL GATEWAY SUSTAINING ECONOMIC ACTIVITY AND MARKET DEMANDS
Under the leadership of Miami-Dade County Mayor Daniella Levine Cava and the Board of County Commissioners, MIA’s Modernization in Action Plan is investing an unprecedented $9 billion in capital improvements and
upgrades, transforming MIA into a FUTURE-READY, worldclass hub for generations to come. The M.I.A. Plan is paving the way to welcome approximately 77 million travelers and move 5 million tons of freight by 2040.
MDAD’s $7.4B Capital Improvement Program (CIP)
Key MIA Projects
Key Projects
PASSENGER AND CARGO GROWTH
• Two consecutive record-breaking years of passenger traffic in 2022 and 2023
• MIA served 52.3 million passengers in 2023, which was 1.6 million more passengers than the previous year and an increase of 3%
• Cargo traffic at MIA was up half a percent for a new annual record of 2.8 million tons in 2023 and four consecutive years of growth
• Fastest-growing mega U.S. airport in seat capacity from 2020 to 2023, according to Airports Council International-North America
NEW 2,240-SPACE FLAMINGO GARAGE EXTENTION
Cost: $137 Million
Groundbreaking: Winter 2023
Scheduled completion: Winter 2025
NEW STATE-OF-THE-ART 520-ROOM HOTEL
Cost: $240 Million
Groundbreaking: Fall 2024
Scheduled completion: Fall 2026
REPLACEMENT AND ENHANCEMENTS OF PASSENGER BOARDING BRIDGES
126 passenger loading bridges are scheduled to be replaced or refurbished. To date, 32 replacements have been completed.
Cost: $234.4 Million
Scheduled completion: 2028
CENTRAL TERMINAL REDEVELOPMENT (PHASE I & II)
Cost: $748 Million
Groundbreaking: Fall 2027
Completion date: Summer 2030
CONCOURSE D WEST EXTENSION
Cost: $845 Million
Groundbreaking: Summer 2027
Completion date: 2034
SOUTH
TERMINAL CONCOURSE K EXPANSION
Cost: $746.4 Million
Request for proposals for design/build advertised: Spring 2025
Scheduled completion: Spring 2029
TERMINAL-WIDE SOLAR PANEL/RE-ROOFING
Cost: $120 Million
Groundbreaking: Winter 2025
Scheduled completion: Winter 2029
CONVEYANCE MODERNIZATION
Two maintenance contracts were approved in 2023 for upgrades to more than 600 elevators, escalators, and passenger-moving walkways. To date, 32 modernizations have been completed.
Cost: $681 Million
Scheduled completion: Ongoing for the next 5-10 years
UPGRADES AND RENOVATIONS TO MORE THAN 200 AIRPORT RESTROOMS
Cost: $101 Million
New design contract approved in 2023. To date, 46 renovations have been completed. Concourse H completed: Spring 2024
Total scheduled completion: 2030
ACCOMPLISHMENTS AND AWARDS:
• Best mega airpor t in Florida and 4th-best in North America, according to the J.D. Power 2023 North America Airport Satisfaction Study
• First airport in Florida and second in the U.S. accredited by Airpor ts Council International’s Accessibility Enhancement Accreditation program
• Bond rating upgrades from all four rating agencies (Fitch, Kroll, Moody’s, & Standard & Poor’s) in 2023 and 2022
• Shortest average security wait time in Florida and 6th-shortest average wait time in the U.S. at 10.4 minutes, according to a 2023 study by travel industry publication Planet Ware
