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Date Published: 26/01/2024

2.4 billion euros of expansion works announced for Madrid Barajas airport

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The planned expansion of Spain’s biggest airport will allow it to reach 90 million passengers by 2031

2.4 billion euros of expansion works announced for Madrid Barajas airport

The President of the Government of Spain, Pedro Sánchez, announced during his speech at the ‘Social sustainability: designing tomorrow’s future today’ event at FITUR, the International Tourism Fair in Madrid this Friday January 26, a planned 2.4-billion-euro expansion of Adolfo Suárez-Madrid Barajas Airport.

That will be “the largest investment in the last decade in airport infrastructures in Spain,” according to President Sánchez.

Adolfo Suárez-Madrid Barajas airport is the air hub with the most air traffic in Spain; last year, more than 20 million passengers passed through it, ahead of Barcelona’s El Prat airport, with around 16 million, and Palma de Mallorca, with around 11 million.

Recent data revealed that in 2023, Madrid airport met the schedule for 78.1% of its flights, while the remaining 21.9% took off late.

Sánchez highlighted the fact that Barajas currently generates “no more and no less than almost 10% of the GDP of the Community of Madrid,” a figure that “will grow significantly” when the work is completed.

Part of this plan involves cementing greater links with Latin America, and also to create new routes to Asia.

With this investment, it is hoped that the airport will reach 90 million passengers by 2031.

“I think it is an airport that will be a hallmark of Spain in the coming years,” he said, concluding that “it will be the airport with the greatest growth potential in Europe”.

Image: Archive

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