The Maltese Planning Authority has given approval to the Malta International Airport for a €100m master plan to extend its terminal and surrounding campus.
The approval allows the company to proceed to the planning stage of the investment programme, which will be executed in three phases.
Malta International Airport has invested more than €110m in infrastructure over the past 16 years after its privatisation in 2002.
Some of the important upgrades include terminal expansion, terminal reconfiguration that will allow further traffic growth, and the development of SkyParks Business Centre.
In the short term, the company will focus on the completion of its Terminal Reconfiguration Project, which has already brought about several improvements within the terminal building.
Under the master plan, the company will construct SkyParks II, which will house office and retail space and a business hotel, as part of efforts to continue evolving the surrounding campus into a business and leisure complex.
Work on the construction of a multi-storey car park providing more than 1,300 parking spaces, will commence in the last quarter of 2018.
Along with this, the company and its consultants will also work on drafting design plans for a lateral expansion of the terminal.
Malta International Airport CEO Alan Borg said: “Through this sizeable investment, we expect to solidify Malta International Airport’s important role in the local economy, as we unlock its potential to welcome more tourists and generate further employment opportunities.
“We also envisage that this programme will build on the successes of past investments and go on to grow the airport campus into a go-to destination for business and leisure.”
The master plan was subject to a Traffic Impact Assessment (TIA) and an Environmental Impact Assessment (EIA).
A public consultation launched during the assessment period enabled local stakeholders, NGOs and government authorities to review the master plan and submit their observations.