Malta Airport Announces €175 Million Investment, With Larger Terminal And New Apron
It’s been a rough few years for the Malta International Airport but it looks like things might finally be getting back on track.
The MIA yesterday announced it will invest €175 million in the airport campus over the next five years, with €39 million set to be disbursed this year.
Airport CEO Alan Borg said the design concept for the first phase of a westwards terminal expansion project has been approved. More immediate projects, set to be completed in 2023, include the doubling of the customs area’s current footprint, a covered walkway linking Park East to the terminal, and two new Food Court outlets.
A new apron, which will be able to accommodate up to seven medium-size aircraft or three larger ones, is set to be complete in summer 2024, while extensive runway resurfacing and other maintenance works will also take place.
“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,” MIA CEO Alan Borg said.
He said that the airport expects to host 6.3 million passengers in 2023, which would represent a recovery of 86% of pre-pandemic traffic. It expects to generate €97 million in revenues, achieve an EBITDA of €59 million, and make a profit of €29 million.
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