Malta International Airport (MIA) today unveiled the company’s long-term vision for the airport, revealing details of an investment of circa €100 million in a terminal expansion.
Addressing a press conference on Wednesday, MIA CEO Mr Alan Borg also announced the company’s traffic forecast for 2020, which indicates that passenger numbers will rise by another 2 – 3 per cent to reach 7.5 million movements.
“The Terminal Expansion Project will equip us with the capacity to handle further traffic growth and enable us to offer a 5-star airport experience. This will be achieved through a combination of increased operational space, a superior F&B and retail offering, a stronger sense of place, and the use of cutting-edge technologies,” said Mr Alan Borg, whilst underlining the company’s commitment to invest in a terminal the Maltese islands can be proud of.
The upcoming project will see the terminal building gradually develop to occupy around 31,200 square metres; namely double its current footprint. This project will mainly focus on improving the experience and airport processes at key points of the passenger journey through Malta International Airport, most notably within the Check-in Hall, the Security Screening Area, and at the departure gates.
MIA announced that it will shortly be issuing a call for architects to submit detailed design proposals and phasing plans for this project.
In a company statement, MIA said that the design of the expanded terminal is envisaged to be “such that it captures the spirit of the Maltese islands particularly through the use of traditional patterns and materials, colours that are evocative of the sea and clear skies, and a play of light so as to bring to the building the warmth that Malta and its people are known for.”
The company also stressed that energy-efficiency and water consumption considerations will be another pillar of the expansion project.
At the end of the press conference, Mr Borg disclosed the company’s financial targets for the year:
• Total Revenue is expected to be > €102 million
• EBITDA is expected to be > €64 million
• Net Profit is projected to be > €35 million
• Capital Investments are estimated to reach €23 million