Airport Logistics Park
From Wikipedia, the free encyclopedia
The Airport Logistics Park (Abbreviation: ALPS) is an industrial park created to support activities related to trade and air cargo at Changi Airport in Singapore. The park is a notable example of cooperation between the government of Singapore and local business leaders to increase the business competitiveness of the country.[1] The park is located next to the Changi Airfreight Center.
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[edit] History
The industrial park is a free trade zone. The park was created in 1993 and officially opened by Minister for Transport Yeo Cheow Tong on March 30, 1993.[2] The project was a joint venture between the Civil Aviation Authority of Singapore, the airport operator, and JTC Corporation, the largest industrial land developer in the country.[3] The cost of the facilities was initially S$35 million.[4]
[edit] Current use
[edit] Free trade zone
The logistics park is 26 ha in size.[5] As a free trade zone, customs formalities are reduced. The average customs clearance is eight minutes of less.[2] This allows companies to trans-ship cargo to Singapore and later redistribute it to countries in the region. The proximity to the airport increases the efficiency of the process. Other logistics centres in Singapore include the Changi International LogisPark and the Banyan LogisPark.[1]
[edit] Companies
Bax Global, Exel, Expeditors, Menlo Worldwide, Nippon Express, UPS Supply Chain Solutions, Sandvik, SDV, Airmark Freight Services, EGL Eagle Global Logistics, Geologistics, Global Airfreight Kerry Logistics, Kuehne & Nagel, KWE Kintetsu World Express, MOL Logistics, UPS Supply Chain Solutions and Schenker are among the tenants of the logistics park.[5] Companies have publicly cited the increased warehousing and logistics benefits for relocating the the park.[6][7] Parts distribution for the Brazilian regional aircraft manufacturer, Embraer, is also located within the park.
