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FedEx to invest US$112 million to beef up Milan Malpensa Airport capacity
FEDEX Express has unveiled plans to invest US$112 million to boost its operations at Milan Malpensa Airport by expanding its existing facility by 115,000 square feet.
The works are scheduled for completion in mid-2016 and will accommodate the first daily courier connection from Italy to the company's global hub in Memphis.
The facility will become the company's third-largest hub in Europe, behind Paris and Cologne, and is expected to handle 20,000 express shipments each day, coordinate 44 weekly flights to and from Malpensa, and manage 480 connections by land with a staff of 200.
It said in a release that 50,000 square feet of the facility, known as Cargo City, will be dedicated to warehousing, 66,000 square feet to vehicle parking and 3,300 square feet to office space. The SEA Group, which operates Malpensa and Milan Linate Airport, is investing $16.85 million in the Cargo City project, reported Atlanta area Air Cargo World.
Malpensa currently handles 500,000 tonnes of cargo annually and hopes to double freight volumes within two years.
The works are scheduled for completion in mid-2016 and will accommodate the first daily courier connection from Italy to the company's global hub in Memphis.
The facility will become the company's third-largest hub in Europe, behind Paris and Cologne, and is expected to handle 20,000 express shipments each day, coordinate 44 weekly flights to and from Malpensa, and manage 480 connections by land with a staff of 200.
It said in a release that 50,000 square feet of the facility, known as Cargo City, will be dedicated to warehousing, 66,000 square feet to vehicle parking and 3,300 square feet to office space. The SEA Group, which operates Malpensa and Milan Linate Airport, is investing $16.85 million in the Cargo City project, reported Atlanta area Air Cargo World.
Malpensa currently handles 500,000 tonnes of cargo annually and hopes to double freight volumes within two years.
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