Miami International Airport
07/16/2024 | Press release | Distributed by Public on 07/16/2024 14:45
Mayor Daniella Levine Cava and Commissioner Raquel Regalado announce approval of $400+ million cargo facility at MIA
Miami, FL,
16
July
2024
|
22:44 PM
Europe/Amsterdam
Mayor Daniella Levine Cava and Commissioner Raquel Regalado announce approval of $400+ million cargo facility at MIA
The four-story cargo hub will be first of its kind in Western Hemisphere
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 constructinga 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.
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This is great news for our community and our economy. MIAis our largest economic engine,generating thousands of jobs for our residents and significantincome formany of our leading industries, from tourism to small businesses. MIA continues to increase its ranks among U.S. airports and worldwide regardingcargo 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 leadthe air cargo industry globally after consecutive record-breaking years in cargo growth since 2020.
Miami-Dade County Mayor Daniella Levine Cava
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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.
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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.
Raquel Regalado, Miami-Dade County Commissioner for District 7
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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.
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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 tenyears, to elevateMIA's position among the premier airports in the world."
Ralph Cutié, MIA Director and CEO
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In addition to its enormous impact on job creation and local business revenue, the VICC will be a sustainable, environmentally friendly facility with a silver Leadership in Energy and Environmental Design (LEED) certification and a silver certification from Global Infrastructure Basel under SuRe standards for sustainability and resiliency.
VICC phase 1 rendering