A concession agreement for a cargo hub at Noida
Air India Sats Airport Services (Aisats) and Yamuna International Airport Private Limited (Yiapl), a special purpose vehicle formed by Noida Airport concessionaire Flughafen Zurich, have concluded a concession agreement to build a multi-modal cargo hub (MMCH) at Noida International Airport.
Sanjay Gupta, CEO of Aisats, and Christoph Schnellmann, CEO of Yiapl, signed the agreement at a ceremony held on 30 May 2023, at Noida.
The MMCH, spanning 352,077 sqm, will be a pioneering facility in India that will comprise an integrated cargo terminal (ICT) and an integrated warehousing & logistics zone (IWLZ).
The strategic location of this cargo hub will seamlessly connect multiple modes of transport with consolidated ancillary and value-added services, establishing a highly efficient route for cargo throughput in India and abroad. (cj)