The Miami Worldwide Airport will obtain a brand new 4 story cargo facility valued at $400 million. The power that would be the first of its variety within the Western Hemisphere will enhance the airport’s complete cargo capability by at the least 50% or probably as much as two million tons yearly.
Scheduled for completion in 2029, the brand new facility will convey MIA’s complete capability to a minimal of 4.5 million tons of cargo and probably 5 million tons, future-proofing America’s busiest worldwide freight airport till the yr 2041 and 11 years forward of projections. With out this development, MIA would start to succeed in capability at three million tons of cargo yearly. The airport is on tempo for greater than 2.9 million tons of cargo this yr.
“That is nice information for our neighborhood and our economic system as MIA is our largest financial engine producing hundreds of jobs for our residents and vital earnings to lots of our main industries, from tourism to small companies,” stated Miami-Dade County Mayor Daniella Levine Cava. “MIA continues to maneuver up the ranks amongst airports within the U.S. and the world for cargo quantity. With the development of this unprecedented, state-of-the-art air cargo facility now on observe, the sky is the restrict for the place MIA can go by way of main the air cargo trade globally after consecutive record-breaking years in cargo progress since 2020.”
The long run Vertically Built-in Cargo Neighborhood (VICC) at MIA, an almost 800,000-square-foot facility on 11 acres of airport land, may have a large native financial impression as properly: 8,500 new short-term jobs incomes a complete of $500 million in wages throughout 5 years of design and development; 2,500 new everlasting jobs incomes $100 million post-construction; and a minimal of $512 million in lease and enterprise income to Miami-Dade County’s Aviation Division over the 40 years of the settlement. With out the VICC, MIA would start to succeed in capability at three million tons of cargo yearly. The airport is on tempo for two.9 million tons of cargo in 2024.
“For the previous three and a half years, we have now prioritized increasing our cargo capability at MIA and making certain dependable provide chain entry for our residents,” stated County Commissioner Raquel Regalado, District 7. “Immediately’s funding is transformative for Miami-Dade County. The VICC will considerably improve our airport’s cargo capabilities and set up a brand new benchmark for sustainable, resilient infrastructure. I’m proud to help this visionary venture, which can drive financial progress and solidify Miami-Dade’s place as a world hub for commerce.“
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The Board of County Commissioners authorised a lease settlement with a non-public developer that can require at the least 60% of the design and development companies to be headquartered in Miami-Dade County, and for these companies to rent registered small companies throughout all venture phases.
“The VICC is likely one of the many historic investments being made at MIA to modernize and remodel each side of our operations, together with every part from upkeep upgrades and renovations in our terminal to the development of a brand new parking storage, four-star lodge, and expanded concourses,” stated Ralph Cutié, MIA Director and CEO. “In complete, almost $9 billion in capital enhancements and upgrades are scheduled for completion over the subsequent 10 years, with the objective of elevating MIA’s place among the many premier airports on the earth.”
Along with its huge impression on job creation and native enterprise income, the VICC shall be a sustainable, environmentally pleasant facility with a silver Management in Vitality and Environmental Design (LEED) certification and a silver certification from World Infrastructure Basel beneath SuRe requirements for sustainability and resiliency.
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