China's Anhui Foreign Economic Construction Company has built a new cargo terminal, in what was the starting point of the first phase of a Chinese financed expansion project, with an initial estimated cost of US$75 million. The first phase concluded with the opening of the new international terminal on 15 November 2010. The new terminal has a capacity of 900,000 passengers a year, far from the 60,000 it could hold before. Originally, this modernization project had in mind to benefit from the 2010 FIFA World Cup held in neighbouring South Africa, but it could not be finished in time. It was, however, ready for the All Africa Games which were held in Maputo in 2011. The project experienced a serious cost overrun, with the builder requesting an additional US$40 to 50 million to complete the work.
The second phase entailed the construction of a new domestic terminal where the old terminal stoods. The whole plan is for Maputo International Airport to double its capacity from 450,000 to 900,000 per year and help expand tourism in the city and country. The terminal will also have 14 check-in counters, electronic panels displaying flights, a presidential VIP lounge, escalators and an electric central cooling system. The new terminal is expected to serve 400 arriving and departing passengers per hour, compared to the old building that could only handle 150 passengers per hour. A parking lot for 600 vehicles will also be created by the new terminal. Maputo International Airport currently as of 2011 handles 495,000 passengers annually and, to put it into perspective, the entire country's annual amount of passengers is 1.3 million. Maputo International Airport is of only one of two airports in the country that currently runs at a profit, the other being Vilankulo Airport, and effectively subsidises the others, as stated by (ADM) Mozambique Airports Company.