The long-term comprehensive plan of MAC has been spread over a period of four five-year phases. It would add 26 new gates at Humphrey Terminal and two at Lindbergh.
The first phase includes 16 new gates at Humphrey Terminal while the second phase will include modernization and expansion at Lindbergh Terminal which will include a new arrivals facility. The cost of the first phase includes more than $400 million while that of second phase is expected to be more than $900 million.
The third phase which is expected to cost around $735 million will add 10 new gates at Humphrey Terminal along with the expansion of the G Concourse at the Lindbergh Terminal including a hotel and a new parking facility.
The fourth phase which is estimated to cost $225 million includes construction of ‘cross-over taxiways’ along with the road improvements, mainly along Highway 5.
The first phase is expected to start by 2011 and would be completed by 2015, when the phase two will begin. The funding for the expansion will come from ‘airport revenue bonds’ backed by passenger facility charges, parking revenues, gate and retail leases, concessions, landing fees and other sources, as well as federal money in the form of dollars from the airport improvement program.
