It was revealed that the Malta International Airport is about to enter five years of transformation as the company is set to invest around €175 million in the evolution of the airport campus.
€39 million will planned to be disbursed this year, with MIA CEO Alan Borg presenting the highlights from the company’s 5 year investment plan.
The transformation was green-lit with the approval of the design concept for the 1st phase of the Terminal Expansion Project, which will see the extension of the building westward.
Other immediate projects include the doubling of the current footprint of the customs area, unveiling a covered walkway linking Park East to the terminal as well as freshening up the food and beverage offering by introducing two new outlets.
Works on the €40 million Apron X project will, in the meantime, boost the MIA’s aircraft parking capacity and its ability to handle mixed-fleet operations. These have picked up the pace as the company aims to complete these by summer 2024.
Over the next few years, the company will also be investing heavily in the maintenance of its airfield infrastructure, mainly through extensive runway resurfacing works. During a press conference, CEO Alan Borg said that “The execution of so many ambitious projects as the terminal remains operational will certainly be no easy feat, but we recognise our responsibility to ensure that, as the point of entry for the majority of the tourists visiting the islands, Malta International Airport continues to evolve and rank among Europe’s top-rated airports”.
The airport current expects to host 6.3 million passengers in 2023 and thus recover 86% of pre-pandemic traffic.