Florida Governor Rick Scott has announced a state funding of $194m to expand capacity at Tampa International Airport (TIA).
The investment will be used to establish the Tampa Gateway Center, which will feature a 2.3 million square foot rental car center with a transit stop.
The Center will also feature a 1.3 mile automated people mover (APM) which will connect the economy parking garage and rental car center to the terminal.
Governor Scott said: "This critical investment of $194m in TIA not only helps make it one of the world's premier airports, but it also increases the passenger capacity and creates jobs for Florida's families.
"We are investing a record $8.8bn in transportation improvements, which will enable Florida's world-class transportation system to be a global hub for trade and commerce. Florida's airports continue to expand because we are creating an environment where business can grow and create jobs and opportunities for future generations."
Construction of the APM and Gateway Center will create approximately 7,141 jobs, and once operational, about 1,112 permanent jobs are projected.
The existing main terminal transfer level, curbsides and rental car facilities are expected to reach capacity by 2017.
Completion of the airport projects will extend the usable life of the main terminal complex by about 30 years.
TIA CEO Joe Lopano said: "We truly appreciate this support from Governor Scott and the Florida Department of Transportation. This is teamwork at its best."
In addition to the state funding, Tampa International Airport plans to invest $749 million in the Tampa Gateway Center for several projects.
The projects include construction of the Consolidated Rental Car Facility and Automated People Mover as well as taxiway reconstruction, terminal expansion and parking/concession redevelopment.
Construction is expected to commence this year and be completed by 2017.