By Andrea Romano
February 08, 2018
Keflavik airport in Iceland
Credit: Courtesy of Keflavik Airport

There will soon be one more reason to go to Iceland: the airport will be top-notch.

According to Bloomberg, the efforts to boost tourism in Iceland have led to some big changes at Keflavik airport in Reykjavik. The airport is predicting more than 10 million travelers will pass through its terminals this year — five times more than the number of passengers seen over the past nine years.

Now, the airport wants to invest about $1 billion over the next seven to eight years to make room for new airlines and routes. Over the last few years, Icelandic airlines like WOW Air and Icelandair have been making names for themselves as a “gateway” to Europe with low airfares and special deals for U.S. travelers.

As these airlines continue to grow, expanding and renovating Keflavik Airport is becoming essential in order to accommodate the influx of travelers.

ISAVIA, the company that operates all airports in Iceland, is currently looking for investors in Keflavik’s expansion, according to Bjorn Oli Hauksson, its managing director.

Keflavik airport in Iceland
Credit: Courtesy of Keflavik Airport

“It is simply a question of when in the next three to four years we will give the signal for the biggest step which will be a new finger for Keflavik,” he told Bloomberg.

The Icelandic airport is surrounded by blackened lava fields, so there is potentially plenty of room to grow after years of neglect. The main issue at hand is gaining enough funds to complete the project.

“We haven’t before experienced an infrastructure build-up on this scale within one company in Iceland,” Hauksson said.