Changi’s ACE plan
20 / 01 / 2011
A planned first-of-its-kind air cargo express (ACE) hub will come into operations early next year at Changi Airport’s Free Trade Zone in Singapore.
The Civil Aviation Authority of Singapore has set aside 80,000m2 of land for the development of the hub and its supporting airside infrastructure.
The hub is a specialised cargo and logistics infrastructure for use by air express companies (AECs) as a gateway to markets throughout the Asia Pacific region.
The new facility will have special on-site facilitation by the Immigration and Checkpoints Authority and Singapore Customs for efficient cargo clearance.
On 17 January the lease agreement was signed with HSBC Institutional Trust Services (Singapore), the Trustee of Ascendas Real Estate Investment Trust, which will build and develop the facility.
To support the ACE hub, Changi Airport Group will invest more than S$25 million (US$19.4 million) to construct new airside infrastructure. This includes two new aircraft parking bays for freighter aircraft.
Airfreight handled in December 2010 rose 4.1 per cent year-on-year to 155,800 tonnes at the airport. For the 12 months ended October 2010 Changi Airport was the world’s seventh busiest airport in terms of international freight traffic handled.
Last year nine new airlines commenced operations at the airport including China Cargo Airlines and Malaysia’s Transmile Air.