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SATS' JV with Air India to build multi-modal cargo hub at India's Noida International Airport

Felicia Tan
Felicia Tan • 3 min read
SATS' JV with Air India to build multi-modal cargo hub at India's Noida International Airport
AISATS says it expects to finalise and conclude the terms of the concession agreement with Yamuna International in the coming weeks, although there is no certainty that a concession agreement will be signed, says SATS. Photo: SATS
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AISATS, SATS’ (SGX:S58) joint venture company (JVCo) with Air India, has been selected by Yamuna International Airport Private Limited to design, build, finance and operate an integrated multi-modal cargo hub at the upcoming Noida International Airport in Jewar, Uttar Pradesh.

The five-tier multi-modal cargo hub is said to be the first of its kind in the country. It will comprise an Integrated Cargo Terminal (ICT) and an integrated warehousing and logistics zone (IWLZ) to be built over 87 acres of land, with concessions spanning up to 20 years and 37 years respectively.

“The multi-modal cargo hub will include integrated facilities with airside access for general cargo, e-commerce, temperature-controlled goods for perishables and pharmaceuticals, and express courier shipments,” says SATS in its Feb 13 statement.

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