Momberger
The status of the expansion of Keflavik Airport is uncertain. In December 2019, Isavia, Iceland’s airport operator chose UK-headquartered international construction company Mace to develop its Development Plan. The USD 1-billion first phase of the plan would see the construction of a new 85,000- square-meter (914,932-squar-feet) East Pier and a new North Terminal to grow Keflavik’s passenger capacity from its current stated capacity of 4.5 million annual passengers to more than 14.5 million annual passengers. The expansion includes at least 26 new gates, 16 of which are served by passenger boarding bridges. The project was slated to be completed by 2023.
In subsequent phases the airport could be expanded to accommodate 25 million passengers, an incredible volume, which up until the demise of Wow Air in March 2019 seemed a realistic possibility. The project was to be funded by airline landing fees, concession and other non-aeronautical revenue and loans, airport officials said at the time. However, due to traffic levels falling sharply due to the COVID-19 pandemic, funding of the expansion has become a challenge. Last summer the Icelandic government considered funding Isavia with USD 32 million to keep the expansion project going as a public works project to create badly needed jobs during the current crisis. No update has been provided since. In 2020, Keflavik Airport handled 7.25 MAP, a drop of 26.08% from 2019. #1141.2
