News
Detroit will not face incentives cull A controversial proposal to axe tax breaks and business incentives in the state of Michigan
under an austerity budget is not expected to impact those offered by the Detroit Region Aerotropolis Development Corporation (ADC), local government officials have stated. Last month state governor Rick Snyder announced plans to replace the Michigan Business
Tax with a 6% profits tax on firms that file a federal corporate income tax return, in a budget package designed to save $1.2 billion in 2012. But the proposals, which include the elimination of incentives linked with redeveloping brownfield land and renaissance zones will not harm the Detroit aerotropolis it is claimed. “Governor Synder recognises that the aerotropolis/nmda legislation had tremendous support from many stakeholders all over Michigan and that we need to leverage the airport as an economic engine. As a result, other than possibly making some tweaks that will simplify the process, we expect the incentives to remain intact,” said Stephanie Baron, press secretary, at the Office of the Wayne County Executive. Last month, ADC became the first certified Next Michigan Development Corporation
(NMDA) under new legislation, allowing it to access a range of incentives to attract business and investment.
Together we stand The newly formed Global Air Cargo
Advisory Group (GACAG) has made addressing barriers to global customs and trade facilitation in the global cargo industry key objectives. Made up of global cargo associations
FIATA, TIACA, the Global Shippers Forum (GPS) and IATA, GACAG has pledged to set out a vision and strategy for the global supply chain and to tackle cargo security. Each member will appoint two
representatives to the GACAG Steering Committee, which will establish a set of objectives for e-commerce, customs and facilitation and sustainability.
SH&E to help plan Sky Train on track
Construction has begun on the first phase of Phoenix Sky Habor International Airport’s Sky Train. Spanning 1.7 miles with three stops and connecting to the Metro Light Rail, the train will stop at the east economy parking lot and Terminal 4. Once completed in 2013 the Sky Train will connect the airport to downtown Phoenix and could result in 20,000 fewer car journeys, roughly 20% of daily traffic.
News in brief
AMB Property Corporation has teamed up with Allianz Real Estate to create a joint venture to acquire and operate logistics related real estate at seaports and airports in Europe.
A new 300-room Hyatt Place Hotel is to be built at Amsterdam Schiphol Airport. Construction will be carried out by affiliates of Hyatt and Dutch real estate developer
8 Issue 1, Volume 5
HILLGATE Properties NV, the new hotel will be just 12 kilometres from Amsterdam RAI, the main international exhibition and congress centre in north western Europe and will be completed in mid 2013.
Reliance Infrastructure has opened the long-awaited Airport Express line of the Delhi Metro. The $1.265 billion
project developed by Delhi Airport Metro Express
(DAMEPL), a RInfra-CAF (Spain) consortium company, will connect New Delhi, Shivaji Stadium, Dhaula Kuan, Delhi Aerocity, Delhi International Airport and Dwarka Sector 21.
New York’s Rochester International Airport is to install two 50,000 watt photovoltaic panels as part of its efforts to reduce emissions. The system will be installed on the roof-top of the airport’s terminal building.
GLOBAL AIRPORT CITIES
Russian airport SEZ SH&E has been commissioned to undertake market analysis and prepare a strategic business development plan and outline concept for a planned special economic zone (SEZ) adjacent to Ulyanovsk Vostochny Airport. The SEZ is expected to enjoy unique business, operational and tax advantages, SH&E says, and discussions are ongoing with a number of aviation investors in areas such as cargo, logistics and aircraft manufacture and repair. The work will be undertaken under contract from the Special Economic Zones Joint Stock Company (SEZ JSC) – a subsidiary of the Ministry for Economic Development of the Russian Federation, which has set up several SEZs across Russia. The Ulyanovsk SEZ is one of only two ‘port and logistics’ zones in the country, and the linkage to the airport potentially provides ready access for aviation investors, operators and service providers to the aviation markets of Russia and the CIS.
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