SINGAPORE will develop a second Airport Logistics Park (ALPS2) from 2030 onwards to boost cargo handling capacity and help cement the country’s role as a regional logistics hub.
Along with the planned Changi East Industrial Zone and remodelling of the Changi Airfreight Centre, ALPS2 will support the increase in Singapore’s air cargo handling capacity from three million tonnes a year to 5.4 million tonnes a year.
Announcing the plans on Thursday (Oct 3), Minister for Trade and Industry Gan Kim Yong said: “The addition of ALPS2 will increase the vibrancy of Changi air cargo hub ecosystem and help to maintain Singapore’s relevance and centrality as a critical node in the global supply chains.”
Gan, who is also deputy prime minister, was speaking at the Singapore Supply Chain Connect 2024 conference at Marina Bay Sands.
The new park will allow Singapore to host more logistics companies and their activities, which could include regional distribution centres and freight-forwarding.
ALPS2 is being planned as a free-trade zone, like the first Airport Logistics Park (ALPS). This allows third-party logistics services to receive and redistribute cargo quickly.
