GOAA Board Approves Adjustment to Capital Improvement Budget

Press Release

ORLANDO, Fla. — Building to meet demand and enhancing the travel experience continue to drive the Greater Orlando Aviation Authority’s (GOAA) future development plans. At today’s Board meeting, an update to the Fiscal Year 2024‐2029 Capital Improvement Program (CIP) was approved. At Orlando International Airport (MCO), investments in North Terminal renovations, site and apron improvements for Terminal C Phase 2, baggage handling system improvements, and airfield rehabilitation projects resulted in a CIP net increase of $377.4 million, from $5.1 billion to $5.4 billion.

The CIP is a multi-year plan of major capital projects linked to the Aviation Authority’s Strategic Plan. The projects are developed to address airport capacity, asset preservation and replacement, customer experience and revenue enhancement. The new CIP for Orlando International Airport will focus on the following projects:

• Airsides 1 & 3 Building Renovations
• Airsides 2 & 4 Automated People Mover (APM) System Replacement
• Terminals A & B Baggage Systems Upgrades
• New Consolidated Rental Car Facility (ConRAC)
• Terminal C Phase 2 Site and Apron projects

“Updating our capital improvement plan will enable us to modernize our facilities, expand our capacity, and introduce innovative technologies that will elevate the travel experience for our customers,” said Kevin J. Thibault, Chief Executive Officer of the Greater Orlando Aviation Authority. “By investing in our future, we’re not only ensuring a seamless journey for our passengers but also reinforcing our airport’s status as a hub for connectivity, commerce, and economic growth.”

The Board also approved an adjustment for Orlando Executive Airport, increasing the current CIP of $77.8 million to $109 million. Proposed projects include:

• Runway and Taxiway Rehabilitation
• Stormwater Restoration Projects
• OUC Infrastructure Improvements
• Colonial Promenade Improvements

Future GOAA projects will be directed by priorities defined in the Aviation Authority’s new 10‐year Strategic Plan, which was completed and adopted by the Board in Fall 2023. Accordingly, an update to the Master Plan is scheduled to commence later this year and take approximately two years to complete.

The Greater Orlando Aviation Authority is proud to operate Orlando International Airport (MCO) and Orlando Executive Airport (ORL), two of Florida’s premier air travel gateways. MCO is a world-class global connector, serving more than 58 million annual passengers in its Main Terminal and Terminal C. ORL is conveniently located just miles from downtown Orlando and provides vital general aviation access to the heart of the region.