Chicago is currently experiencing a wave of economical changes. The city just reached an agreement with Aeroterm LLC who will help with the construction of a new air cargo centre aka the Chicago O’Hare International Airport Northeast Cargo Centre.
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Aeroterm are going to invest $130 million and are therefore funding over 50 per cent of the project. Another $62 million are going to be taken out of Airport funds, bringing the total cost of the new air cargo centre to $200 million. Mayor Rahm Emanuel said that
“O’Hare is one of [Chicago’s] key economic engines and this project will vastly increase O’Hare’s cargo operations capacity, create thousands of quality jobs for Chicagoans, and increase Chicago’s competitive position as a global transportation and cargo leader.”
In fact, the city’s new air cargo facility is supposed to create 1,200 construction jobs and the same amount of permanent on-side cargo employment opportunities. Beyond that, the plan is also to employ 10,000 regional workers.
The construction of O’Hare International Airport Northeast Cargo Centre will be divided into three phrases and spread across 65 acres of undeveloped property. All hopes of Chicago’s future economical growth via air cargo rest on this gigantic project.
Chicago is already the number one gateway for air freight and particularly imports from China, capturing a market share of 25 per cent.
Source: Office of the Major (City of Chicago)