SATS Jumps 2% as S$100M Upgrade to Boost Changi Airfreight Capacity by 30%

TigerNews SG

03-06

Singapore's Transport Minister Chee Hong Tat announced on Wednesday during the Ministry of Transport's Committee of Supply debate that, as part of efforts to enhance Singapore's air cargo hub, the ground service provider will invest S$100 million over the next two years to upgrade the terminal at Changi Airfreight Centre.

This investment is separate from the S$5 billion top-up to the Changi Airport Development Fund outlined in the 2025 Budget.

The upgrades are expected to increase cargo handling capacity by 30%, reaching 3 million tons annually.

Meanwhile, SATS jumps 2% at 13:30 am, Mar 6th.

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