Airports Company South Africa (Acsa) is set to upgrade domestic and international terminals of the Cape Town International Airport.
The modifications, which include realignment of the airport's runway, will account for the bulk of the $64.48m expansion plans of Acsa.
Under the proposed expansion project the company will upgrade the domestic arrivals terminal and the international departures terminal, and expand the runway to accommodate the Airbus A380 jets.
Expected to be completed in the next three years, the expansion project forms a part of Acsa's strategy to improve South African airports.
Acsa operates nine airports in South Africa handling around 38 million passengers annually.
South Africa's only privately owned airport Lanseria airport near Johannesburg is also planning to construct a new terminal, but Acsa refused to consider it a threat.
News24 quoted Acsa spokesperson Collin Naidoo as saying: "This is both a challenge and an opportunity, seeing all the upgrades and growth at Lanseria is promising, it says good things about the area."
Acsa currently manages Ghana's airports as part of a memorandum of understanding signed two years ago.
The company has operated Brazil's Guarulhos International airport in Sao Paulo, which recently underwent expansion with the construction of a new terminal.
In addition, the firm manages India's Mumbai International Airport and is building a new terminal at the airport.
Image: The proposed expansion project will upgrade the airport's domestic arrivals and international departures terminal. Photo: courtesy of Andres de Wet.