Frankfurt, Germany (PROTEXT/ots) - The Tradeport Hong Kongconsortium - which includes the Pantares alliance partnersFraport AG Frankfurt Airport Services Worldwide and SchipholGroup - today held its ground-breaking ceremony for constructionof a cargo logistics center at Hong Kong International Airport atChek Lap Kok. The HK$500 million (about 70 million euro) facilityis scheduled to be operational around the beginning of 2003. In an international bidding process, the Hong KongInternational Airport Authority (HKIA) chose the Tradeport HongKong Ltd. consortium to develop, build and manage the airport'sfirst logistics center for cargo handling and distribution. TheTradeport Hong Kong consortium comprises Pantares with a 37.5percent share, service provider and handling company JardineLogistics Services (HKG) Ltd. and real estate developer/investorHongkong Land Holdings Limited with a combined 37.5 percentshare, as well as China National Aviation Company Ltd. (CNAC)with 25 percent. In the first phase, Tradeport Hong Kong will comprise over31,000 square meters of space on three levels. A fourth floorwill be added when necessary, thus expanding the complex to over40,000 square meters. Tradeport Hong Kong will feature fastthrough-transport of goods and offer services ranging fromcustoms clearance, storage (bonded), testing, packaging,labeling and repacking, to complete warehouse and inventorymanagement. In addition, value-added services such as qualitycontrol, repairing and finishing services will be provided. Pantares participants at the Tradeport Hong Kong ceremonyincluded Professor Manfred Schoelch, Vice Chairman of theExecutive Board of Fraport AG, and Dr. Pieter Verboom, ExecutiveVice President of Schiphol Group. Tradeport Hong Kong is thefirst cargo handling project in which Fraport AG and SchipholGroup are working together. ots Original Text Service: FraportAG Internet: http://www.presseportal.de For Further Information,Please Contact: Fraport AG Frankfurt Airport Services WorldwideRobert A. Payne Manager International Press Press andPublications (VSP) 60547 Frankfurt am Main, Germany Tel.: +49 69690 78547 Fax: +49 69 690 60548 E-mail: r.payne@fraport.deInternet: www.fraport.de (click on "Press Lounge") SchipholGroup Corporate Communications & Public Affairs Marianne de BieP.O. Box 7501 1118 ZG Schiphol The Netherlands Tel: +31 20 6012673 Fax: +31 20 601 2253 E-mail: press@schiphol.nl Internet:www.schiphol.nl
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