Aviation Week
Aaron Karp
17 July 2024
A private consortium has been approved to build and run a new 784,000-ft.2 cargo facility at Miami International Airport (MIA), scheduled to open in 2029.
The four-story-tall cargo center will be “vertically integrated” and boost cargo capacity at the airport by “at least 50%,” according to Miami-Dade County, which owns MIA.
The consortium is called Miami Gateway Partners (MGP), a joint venture between Airis Aviation Development and Vantage Airport Group. MGP will lease 11 acres of airport land from the county for 40 years and invest at least $400 million “to design, build, finance, operate and maintain” the cargo facility, according to Miami-Dade County.
