Dallas Fort Worth International and American Airlines has announced plans to develop a sixth terminal - as part of an investment worth up to $3.5 billion.
The plans call for DFW to invest in terminal improvements, including the construction of Terminal F, with a projection of up to 24 gates, and enhancements to Terminal C.
"Today's announcement sets the stage for DFW Airport's next 50 years," said Sean Donohue, CEO of DFW Airport. "The new Terminal F and the expansion that could follow will provide the region with the growth it needs to compete with international business centers.
"The Airport is growing faster than ever, and it needs to keep pace with the Dallas-Fort Worth economy to provide jobs and connections for businesses and families."
Design work for Terminal F will begin immediately and will be open by 2025.
DFW and American anticipate the investment to be financed by bonds and repaid through airlines rates and charges over the life of the bonds.