AMAZON.COM had made a deal with the Port Authority of New York & New Jersey to develop an air-cargo facility at Newark Liberty International Airport, reports Bloomberg.
amazon Global Air, the company's cargo airline, plans to spend US$125 million to transform two existing buildings at the airport, according to a port authority news release. The agency will receive $157 million in rent over a 20-year lease and an upfront payment of $150 million. The lease is expected to take effect later this year.
'With this new partnership, Newark will continue to be a global leader in logistics,' said New Jersey Governor Phil Murphy, adding that it would create 1,000 jobs.
'This new e-commerce hub will provide needed revenue to the Port Authority while also bringing new jobs to our state,' he said.
SeaNews Turkey
amazon Global Air, the company's cargo airline, plans to spend US$125 million to transform two existing buildings at the airport, according to a port authority news release. The agency will receive $157 million in rent over a 20-year lease and an upfront payment of $150 million. The lease is expected to take effect later this year.
'With this new partnership, Newark will continue to be a global leader in logistics,' said New Jersey Governor Phil Murphy, adding that it would create 1,000 jobs.
'This new e-commerce hub will provide needed revenue to the Port Authority while also bringing new jobs to our state,' he said.
SeaNews Turkey
