Miami International Airport (IATA: MIA) has announced that it has been awarded $207 million in funding from the federal government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act Airport Grant Program – making it the largest grant recipient among all airports in Florida. MIA officials said they will use the grant to support the airport’s ongoing support of essential travel and trade, and to prepare the global gateway to resume full operations.
Miami-Dade County, Mayor Carlos A Gimenez, said: “We are extremely pleased with the $207 million in relief funding for MIA. I appreciate the federal government for recognising MIA’s critical role as the busiest international gateway in Florida and third busiest in the nation. This aid will certainly help our county’s largest economic engine, which supports one out of every five jobs locally, make a speedier return to normal operations after the effects of the COVID-19 pandemic subside.”
According to the Federal Aviation Administration, the CARES Act funding will support continuing operations and replace lost revenue resulting from the sharp decline in passenger traffic and other airport business due to the COVID-19 public health emergency. The funds are available for airport capital expenditures, airport operating expenses including payroll and utilities, and airport debt payments.
Lester Sola, MIA director and CEO, said: “The CARES Act funding, coupled with the financial relief plan approved by the board of county commissioners this month for our airport business partners, provides much-needed support for MIA to continue serving as the leading economic engine for our community.
“As we maintain our passenger and cargo operations and prepare for travel demand to return, these monies will aid us in developing new protocols and facility renovations designed to enhance the travel experience and improve employee safety.”