YTO inks agreement for planned huge Jiaxing air cargo hub
CHINESE express firm YTO's plan for a huge CNY6
CHINESE express firm YTO's plan for a huge CNY6.6 billion (US$933 million) air cargo logistics hub has taken another step forward with the signing of an agreement with the Jiaxing Municipal government.
The YTO Jiaxing Global Aviation Logistics Hub will feature a logistics hub and aircraft maintenance centre and is expected to handle around 2.4m tonnes of cargo and mail by 2050, with space for 94 freighters.
Chairman of YTO Group Yu Weijiao said the hub will serve the national strategy of the integration Yangtze River Delta region and is part of the 'One Belt, One World' strategy, while it will also serve to enhance China's international air cargo capacity.
Plans for the hub initially hit the headlines back in July 2018.
YTO said that earlier this year the state council made it clear that 'the construction of cargo-based airports will be pushed forward in an orderly manner' in light of a lack on international air cargo capacity.
As well as the air cargo facilities, the centre will also feature an intermodal transportation centre, a logistics technology research and development centre and a Yangtze River Delta trade and commerce centre.
The distribution centre and other supporting projects will have a total investment of CNY12.2 billion.
YTO Express currently operates five B757-200Fs and seven B737-300Fs.