Airport Logistics Park
Encyclopedia
The Airport Logistics Park (Abbreviation
: ALPS) is an industrial park
created to support activities related to trade and air cargo at Changi Airport
in Singapore
. The park is a notable example of cooperation between the government of Singapore
and local business leaders to increase the business competitiveness of the country. The park is located next to the Changi Airfreight Center.
. The park was created in 2003 and officially opened by Minister for Transport Yeo Cheow Tong
on March 30, 2003. The project was a joint venture between the Civil Aviation Authority of Singapore
, the airport operator, and JTC Corporation
, the largest industrial land developer in the country. The cost of the facilities was initially S$
35 million.
in size. As a free trade zone, customs
formalities are reduced. This allows companies to trans-ship cargo to Singapore and later redistribute it to countries in the region. The proximity to the airport increases the efficiency of the process. Other logistics centres in Singapore include the Changi International LogisPark and the Banyan LogisPark.
Abbreviation
An abbreviation is a shortened form of a word or phrase. Usually, but not always, it consists of a letter or group of letters taken from the word or phrase...
: ALPS) is an industrial park
Industrial park
An industrial park is an area zoned and planned for the purpose of industrial development...
created to support activities related to trade and air cargo at Changi Airport
Singapore Changi Airport
Singapore Changi Airport , Changi International Airport, or simply Changi Airport, is the main airport in Singapore. A major aviation hub in Southeast Asia, it is about north-east from the commercial centre in Changi, on a site....
in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. The park is a notable example of cooperation between the government of Singapore
Government of Singapore
The Government of Singapore is defined by the Constitution of the Republic of Singapore to mean the Executive branch of government, which is made up of the President and the Cabinet of Singapore. Although the President acts in his personal discretion in the exercise of certain functions as a check...
and local business leaders to increase the business competitiveness of the country. The park is located next to the Changi Airfreight Center.
History
The industrial park is a free trade zoneFree trade zone
A free trade zone or export processing zone , also called foreign-trade zone, formerly free port is an area within which goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities...
. The park was created in 2003 and officially opened by Minister for Transport Yeo Cheow Tong
Yeo Cheow Tong
Yeo Cheow Tong is a former politician from Singapore. A member of the governing People's Action Party , he served in the Cabinet from 1990 to 2006, and was a Member of Parliament from 1984 to 2011....
on March 30, 2003. The project was a joint venture between the Civil Aviation Authority of Singapore
Civil Aviation Authority of Singapore
The Civil Aviation Authority of Singapore is Singapore's Civil Aviation Authority and a statutory board under the Ministry of Transport of the Singapore Government...
, the airport operator, and JTC Corporation
JTC Corporation
JTC Corporation , formerly the Jurong Town Corporation, is Singapore's principal developer and manager of industrial estates and their related facilities.-History:JTC was established on 1 June 1968 to develop industrial estates...
, the largest industrial land developer in the country. The cost of the facilities was initially S$
Singapore dollar
The Singapore dollar or Dollar is the official currency of Singapore. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies...
35 million.
Free trade zone
The logistics park is 26 haHectare
The hectare is a metric unit of area defined as 10,000 square metres , and primarily used in the measurement of land. In 1795, when the metric system was introduced, the are was defined as being 100 square metres and the hectare was thus 100 ares or 1/100 km2...
in size. As a free trade zone, customs
Customs
Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country...
formalities are reduced. This allows companies to trans-ship cargo to Singapore and later redistribute it to countries in the region. The proximity to the airport increases the efficiency of the process. Other logistics centres in Singapore include the Changi International LogisPark and the Banyan LogisPark.