The US Department of Defense plans to invest USD 57 million (EUR 50.3 million; ISK 7.1 billion) in military construction in Iceland in 2020, according the Iceland Monitor.
The project in Iceland is intended to continue to improve airfield infrastructure and storage capability to support US Air Forces in Europe operations, actions and activities. The investment in Keflavík includes a beddown site for USD 7 million, a hot cargo pad for USD 18 million and an expanded parking apron for USD 32 million.
The aim is to make it possible for Keflavík Airport to receive up to two fighter plane squadrons at any time of day. Each squadron is made up of 18 to 24 fighter aircrafts.