Halifax Stanfield will begin construction of new Air Cargo Logistics Park this year
Staff Writer |
Halifax Stanfield will begin construction of a new Air Cargo Logistics Park this year that is slated to open in late 2020/early 2021.
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This new facility will enhance transportation infrastructure; support the flow of goods and improve cargo handling; enhance trade for the province and region; expand international capacity to foster exports; and, create jobs.
At a total value of $36 million, Halifax Stanfield was able to move the project forward with funding support from the federal and provincial governments at $18 million and $5 million respectively, in addition to its own investment of $13 million.
Buoyed by the ratification of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), demand for Nova Scotia exports continues to grow in Europe.
Carriers such as Cargojet, with its weekly flight from Halifax Stanfield to Cologne Bonn Airport in Germany, moves seafood exports – as well as specialized electronics and machinery – to points in Europe and beyond.
Overall, air cargo exports contribute an impressive $447.1 million to the provincial economy.
Live lobster exports and demand for these ocean delicacies continues to flourish, especially in Asia and Europe.
Lobster is the largest single commodity shipped by both value and volume, at $215.7 million and 11,495 metric tonnes respectively.
Total seafood export value equates to $232 million.
Several other key commodities exported from Halifax Stanfield include specialized electronics/electrical equipment ($70 million) and aerospace-related business (approximately $58 million).
Exports account for 36.5 per cent of total cargo volume processed at Halifax Stanfield. ■
Predominant upper-level ridging stretching from the Southwest to the southern High Plains will allow for another day of record-breaking heat across parts of Nevada and Arizona today.