Last updated: 11:34 AM ET, Thu October 27 2016

Phoenix Sky Harbor Airport Announces $950 Million Expansion Project

Airlines & Airports | Donald Wood | October 27, 2016

Phoenix Sky Harbor Airport Announces $950 Million Expansion Project

Photo: Phoenix Sky Harbor International Airport at sunset. (Photo via @StanleyWeber55)

On Tuesday, city council officials announced that Phoenix Sky Harbor International Airport would embark on another improvement project that will cost an astounding $950 million.

According to KTAR.com, the Phoenix City Council was presented the capital investment plan Tuesday, which comes on the heels of a $590 million enhancement project on the airport’s Terminal Three which began in April 2015.

The new expansion project will be focused on Phoenix Sky Harbor International Airport’s Terminal Four and the Sky Train, and the $950 million price tag would be paid by airport funding sources.

“Funding for both projects would be paid for entirely using existing Airport funding sources,” according to the official plans. “The estimated $700 million to complete the Sky Train would come from approximately $430 million in Passenger Facility Charges (PFCs) and $270 million in Customer Facility Charges (CFCs).”

The upgrades are expected to take five years to complete and will add as many as eight gates to Terminal Four. The project would also expand the Sky Train to include stops at each terminal and to a new transportation center.

The car rental facility at Sky Harbor Airport will also be part of the improvement project.

The Phoenix Aviation Department stated that the 44.2 million passengers served over the last year at the airport—a new record for the facility—have added extra strain to the existing roads and terminal facilities. The same report claimed an estimated 34,000 customers traveled between airport terminals and the rental car center during one day of service in March 2016.

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