Cape Town International Airport (CTIA) in South Africa has decided to invest approximately R7bn ($499m) to implement various infrastructure projects over the next five years.
CTIA will upgrade its domestic arrivals terminal and expand international terminal as part of the project.
The airport will also work on a new realigned runway with an investment of R3.93bn ($277.92m). The realignment of the runway will help to expand the terminals in the future.
The new runway will also enable the CTIA to boost the landing and departures capacity from 30 to 45 aircraft movements per hour.
Moreover, the airport will be able to manage the new generation large aircraft such as the Boeing 747-800 or the A380.
The modernisation of the airport will ultimately facilitate greater air access into Cape Town and the Western Cape.
Western Cape development and tourism MEC Beverley Schafer said: “This project will unlock the full potential of our aviation economy by connecting Cape Town with many more countries resulting in additional trade and investment opportunities. It will drive demand that makes business sense.
“Tourism is one of the economic engine rooms of this province and it is responsible for the creation of thousands of jobs both in the city and in the province’s rural areas.
“The new airport development project will contribute towards growing this important sector through increased connectivity and tourist numbers.”
Construction is scheduled to commence early next year and the modernisation and expansions are likely to be concluded by 2023.
CTIA recently won the Best Airport in Africa Award at the 2019 Skytrax World Airports Awards.