Mubasher: Dallas Fort Worth (DFW) International Airport and American Airlines are joining forces to develop a sixth terminal that would open by 2025, according to a joint statement.
Under the deal, DFW Airport will spend from $3 billion to $3.5 billion in Terminal F, along with another $500 million in improvements to Terminal C.
“The identified site south of Terminal D provides significant flexibility for phasing in the number of gates for Terminal F, with a long-term projection of up to 24 gates, as demand for additional facilities is warranted,” the companies said.
The investment is set to be financed by bonds and repaid through airline rates and charges over the life of the bonds.
“DFW and American expect the details to be finalized as part of a new airlines lease agreement for DFW that is being negotiated,” they said.