Miami International Airport is about to begin $1.45 billion worth of short term improvements over the next three years.
Some of the improvements will include a post-security connector between Concourse E and F, new hardstands and apron areas, cargo facilities, and other projects designed to improve efficiency.
The airport is no longer calling the project a Terminal Optimization Program (as it did in a 2016 presentation), because it includes both terminal and non-terminal areas, such as cargo facilities, according to airport spokesperson Greg Chin.
Long term, the airport is preparing for a multibillion-dollar capital improvement program that would include: the modernization of concourses E, F and G; a new airport hotel; expansion and improvements to the South and North terminals; and additional cargo facilities. Those plans still haven’t been finalized and could be years away, and must also be approved by county commissioners.
A presentation on the capital improvement program will be made to commissioners within the next few months.
To fund the short term construction program, the airport will sell $760 million worth of bonds in early 2019.