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| Swissport to open cargo terminal at Ben-Gurion Airport Swissport International plans to open its new cargo terminal at Ben-Gurion Airport in Q2 2008. Israel Infrastructure Fund (IIF) becomes a strategic partner of this important cargo-development with a purchase of 16% of the shares what adds more long-term value and perspectives to this business-venture. According to the latest local information, all construction works are on time and the new cargo facilities should be operationally ready very soon. With this new building Swissport will be able to offer state of the art warehouse technology and smooth logistic services with a total annual potential cargo capacity in the range of 200000 tons. Israel Infrastructure Fund (IIF) entered the field of aerial cargo handling and invested in Swissport Cargo Services Israel Ltd.'s new aerial cargo terminal. The Fund purchased from Laufer Aviation Ltd.'s its share of 16% in Swissport Cargo Services Israel Ltd. Swissport Israel is owned by Swissport International Ltd. (51%), Dankner Investments Ltd. (20%), Israel Infrastructure Fund (16%) and C.A.L Cargo Air Lines Ltd. (13%). Swissport Israel will operate the terminal for a period of 20 years. As part of the project, Swissport Israel constructed the cargo terminal and an office building for the company on total area of 18 thousand square meters with initial investment of around USD 20 million. write your comments about the article :: © 2008 Construction News :: home page |