Miami Airport Gets 101 Million Payment Toward New Terminal
Written by Samantha Joseph on September 9, 2004
By Samantha Joseph
The Federal Aviation Administration has issued a fifth payment toward its $101 million grant for the north terminal at Miami International Airport as part of the airport’s ongoing $4.8 billion expansion project.
The latest payment, $13.5 million, would bring the federal contribution for that terminal to nearly $58 million in the past four years.
The administration has agreed to pay $101 million by 2010 for the project, which has been in the works about a decade and is now under construction.
Since 1994, the federal agency has worked with local planners on devising a terminal to span the entire north side of the airport.
The terminal includes an 8,600-foot runway and a parallel taxiway with connectors designed to handle growing passenger and cargo traffic at the airport. It includes concourses A-D.
The grant stemmed from an application filed by Miami-Dade authorities April 3, 2000, to offset some building and operational costs.
The administration made its first payment, $12 million, in 2000. Since then, four installments have brought payments to $44.3 million.
"MIA continues to be the busiest airport in Florida," the federal agency said in approving the grant. "It is considered a US gateway to Central and South America and is the principal departing airport for the Caribbean."
Miami-Dade County Manager George Burgess has accepted the most recent payment, but county commissioners must ratify it. The issue is set to go before the commission today (9/9).