China: Hubei Global Air Cargo Logistics Hub Project

proposed

The Project is designed to establish a 95-hectare bonded logistics park adjacent to the Hubei Ezhou Huahu Airport (the Airport), the very first dedicated freight airport in Asia. The Project will provide the following functionalities: customs operations, bonded warehousing and processing, trade/freight services, etc. Specifically, the Project will build infrastructure for customs operation and bonded logistics, including customs checkpoints, international cargo stations, bonded processing centers, bonded logistics centers, and fencing. It will also build business centers for trades, offices, and exhibitions. Project will procure customs supervision equipment for bonded areas, air cargo inspection equipment and facilities, information platform for operation of entire logistics parks, as well as supporting facilities including viaducts, access roads, and landscape works. The Project will also promote innovative customs supervision procedures to achieve efficiency gains during the import and export processes. In the medium term by 2030, the Project is expected to attract over 600,000 tons of international air freight and to facilitate the cross-border trading activities. Leveraging on the proximity of the park to the Airport, the Project aims to incubate new aviation-related business which will include bonded maintenance and repair, cross-border e-commerce, international cold-chain storage and shipping. Overall, the Project will support the development of Ezhou as a global air freight hub and main gateway for opening-up Hubei and central China.