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Airports


MIA RECEIVES APPROVAL OF $400+ MILLION CARGO FACILITY

17th Jul 2024, 10:26. Written by Eddie Saunders


cargo facility at Miami International Airport VICC phase 1 rendering

Today, Miami-Dade County Mayor Daniella Levine Cava and County Commissioner
Raquel Regalado, District 7, announced that the Miami-Dade Board of County
Commissioners has approved to invest a minimum of $400 million in constructing a
four-story cargo facility at Miami International Airport that will be the first
of its kind in the Western Hemisphere and, when completed, will increase the
airport’s total cargo capacity by at least 50% or potentially up to two million
tons annually.

Scheduled for completion in 2029, the new facility will bring MIA’s total
capacity to a minimum of 4.5 million tons of cargo and potentially 5 million
tons, future-proofing America’s busiest international freight airport until the
year 2041.

Daniella Levine Cava, Miami-Dade County Mayor: “This is great news for our
community and our economy.

“MIA is our largest economic engine, generating thousands of jobs for our
residents and significant income for many of our leading industries, from
tourism to small businesses.

“MIA continues to increase its ranks among U.S. airports and worldwide regarding
cargo volume.

“With the construction of this unprecedented, state-of-the-art air cargo
facility now on track, the sky is the limit for where MIA can lead the air cargo
industry globally after consecutive record-breaking years in cargo growth since
2020.”

The future Vertically Integrated Cargo Community (VICC) at MIA, a nearly
800,000-square-foot facility on 11 acres of airport land, will have a massive
local economic impact as well: 8,500 new temporary jobs earning a total of $500
million in wages during five years of design and construction; 2,500 new
permanent jobs earning $100 million post-construction; and a minimum of $512
million in rent and business revenue to Miami-Dade County’s Aviation Department
over the 40 years of the agreement.

Without the VICC, MIA would begin to reach capacity at three million tons of
cargo annually. The airport is on pace for 2.9 million tons of cargo in 2024.

Raquel Regalado, Miami-Dade County Commissioner for District 7: “For the past
three and a half years, we have prioritized expanding our cargo capacity at MIA
and ensuring reliable supply chain access for our residents.

“Today’s investment is transformative for Miami-Dade County. The VICC will
significantly enhance our airport’s cargo capabilities and establish a new
sustainable, resilient infrastructure benchmark.

“I am proud to support this visionary project, which will drive economic growth
and solidify Miami-Dade’s position as a global hub for commerce.”

The Board of County Commissioners approved a lease agreement with a private
developer that will require at least 60% of the design and construction firms to
be headquartered in Miami-Dade County, and for those firms to hire registered
small businesses during all project phases.

Ralph Cutie, MIA Director and CEO: “The VICC is one of the many historic
investments being made at MIA to modernize and transform every facet of our
operations, including everything from maintenance upgrades and renovations in
our terminal to the construction of a new parking garage, four-star hotel, and
expanded concourses.

“In total, nearly $9 billion in capital improvements and upgrades are scheduled
for completion over the next ten years, to elevate MIA’s position among the
premier airports in the world.”

 

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