Business

Singapore to build new air cargo express hub

January 18, 2011

SINGAPORE, Jan 18 – Singapore's Changi Airport Group and the Civil Aviation Authority have announced that they will build a new air cargo express hub, a move that is expected to strengthen the country's position as an air cargo hub in the region, reports China's Xinhua news agency citing a local media.

The new facility, located within the free trade zone within Changi Airport, will have a gross floor area of 26,277 square meters to support the cargo and logistics needs of air express companies, local television Channel News Asia said today.

The project is targeted to be operational in the first half of 2012.

To support the hub, Changi Airport Group will invest more than S$25 million (RM60 million) to build a new airside infrastructure that will have two aircraft parking bays for the operator's ease of access, the report said.

The new facility will also have a special on-site facilitation by the Immigration and Checkpoints Authority and Singapore Customs for efficient cargo clearance.

“The air cargo express hub facility will enable our air cargo partner to cater for its future expansion in Singapore and capitalise on long-term growth opportunities from increasing intra-Asia trade growth,” said Lee Seow Hiang, chief executive officer of Changi Airport Group.

Changi Airport was ranked the seventh busiest airport globally for international freight traffic in the 12-month period ended September 2010. – Bernama

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