Cayman Islands Airports Authority

6 Business View Magazine Upon completion, the $55 million redevelopment will include expansion of the arrival and departure areas and will increase the facility’s overall footprint from 77,000 square feet to 207,000 square feet. “The board fully supported the deputy premier from the outset in addressing the development of the three airports,” said Kirkland Nixon, chairman of the airport authority board, “and this is a major step to fulfilling that objective.” Construction should begin by the summertime and end in roughly three years, Anderson said. “We are definitely on track with the expansion project,” he said. “Next will be the design development and then we will issue tender documents.” Based on current numbers and forward growth projec- tions, the expectation is that the expansion project will cover the airport’s needs for 20 years before an en- tirely new terminal would be needed. Anderson said travel traffic has typically been growing at 2 percent per year for the last decade, but there was a spike in the 2014 figures, and if that spike becomes the norm then the timetable for future needs would be impacted. Continued monitoring of the tourism market will provide an early indication, and the construction of major hotels, for example, would be a signal of a sped-up process. Also, a new hospital – Health City Cayman Islands – opened on the east end of Grand Cayman in 2014, with designs on becoming a regional and international destination for specialized medical treatment. “We’ve created a master plan for the entire facility, so, today, in doing our expansion, we already know where