The project will be carried out in various phases, with the first phase being site selection and conceptual design. The project is aimed at accommodating rising passenger traffic over the next few decades.
The current masterplan of the airport includes construction of a new, $1 billion terminal with an option to expand the current terminal. The airport is also expanding its ticketing lobby as part of a $356 million capital investment plan, which will require the relocation of Whitney Bank’s airport branch.
The Federal Aviation Administration gave $1.6 million to Louis Armstrong New Orleans International Airport (MSY) for this project. The joint venture team will further evaluate cost-effectiveness, strategic value and scalability for several long-range airport development alternatives identified in the masterplan.
The airport serves 80% of all passengers in the state of Louisiana.
