Canaveral Port Authority Invests $175 Million in Terminal Expansion

The Canaveral Port Authority is investing nearly $175 million to upgrade infrastructure at Port Canaveral to handle increasing passenger demand and larger ships. The project focuses on doubling the size of Cruise Terminal 5 from 90,000 to 170,000 square feet at a cost of $78 million, which will enable the facility to service vessels with up to 5,600 passengers.

Complementing the terminal expansion is the construction of a $93 million, 13-story parking garage adjacent to Cruise Terminal 6. This new facility will provide 3,700 additional spaces and include a pedestrian bridge connecting to Terminal 5. These projects are components of the Port Canaveral Advantage, a five-year capital improvement program valued at nearly $1 billion.

Ivey’s Construction is leading the development, which has generated over 2,000 local jobs. Construction is being managed around active port operations to maintain guest experiences. The parking garage is slated for completion in autumn 2026, with the terminal expansion targeted for December 2026.