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Major Investment Announced for Canary Islands Airports

Major Investment Announced for Canary Islands Airports

The Spanish government has approved significant funding to enhance airport infrastructure across the Canary Islands, aiming for improved safety, sustainability, and competitiveness.

The Spanish Council of Ministers has approved the Airport Regulation Document 2027-2031 (Dora III), which allocates 1.807 billion euros for the enhancement of airports in the Canary Islands. This investment is part of a broader 13 billion euro plan for the entire Aena network, focusing on making airports safer, more sustainable, modern, and competitive.

Tenerife Airports

Tenerife South-Reina Sofía Airport will receive 553 million euros for a comprehensive terminal renovation, airfield and platform improvements, and enhanced security and facilities. Meanwhile, Tenerife North-Ciudad de La Laguna Airport is set to receive 313 million euros to expand check-in areas, increase security controls, and improve baggage claim facilities, among other upgrades.

Other Canary Islands Airports

  • Gran Canaria Airport: 336.3 million euros for terminal upgrades, including new security technology and a revamped arrivals hall.
  • Lanzarote-César Manrique Airport: 327.4 million euros for expanding check-in counters, security and passport controls, and baggage claim areas.
  • La Palma Airport: 89 million euros for terminal and parking improvements, as well as airfield enhancements.
  • La Gomera Airport: 19 million euros for terminal climate control upgrades and general aviation platform adjustments.
  • El Hierro Airport: 14.8 million euros for a new parking position and security improvements.
  • Fuerteventura Airport: 153 million euros for terminal expansion, a new control tower, and an Instrumental Landing System.

Overall, the 13 billion euro investment across Spain’s airports will be funded by the revenues generated by Aena, a semi-public company managing the airport system. The Dora III plan includes a modest annual increase in air traffic fees of 0.33% from 2027 to 2031, totaling a 1.65% rise over five years. Despite this increase, Spain’s fees remain among the most competitive in Europe, according to the Minister of Transport and Sustainable Mobility, Óscar Puente.