Cincinnati/Northern Kentucky International Airport (CVG) and Burrell Aviation Cincinnati are planning to build an air cargo warehouse facility with airside access on approximately 4.5 acres of airport property.
The agreement includes a minimum capital investment of $20m.
Last year, the US airport demolished old cargo facilities to make way for new infrastructure to enable cargo carriers and freight forwarders to move products more efficiently.
Burrell Aviation develops, operates, and invests in next-generation supply chain infrastructure that supports the non-passenger aviation industry.
Construction of the 80,000 sq ft facility with associated offices, truck docks, and parking lot will take place on the northern part of CVG’s campus. An expedited timeline is being worked on.
“We appreciate the opportunity to assist with a significant expansion of CVG’s current cargo operations and to partner on such an important project with the airport, which is now one of the fastest-growing in the country due to the leadership of Candace McGraw and her team,” said The Burrell Group’s founder and executive chairman Dan Burrell.
“Our strategic plan focuses on diversifying cargo operations, specifically, expanding general cargo handling capacity,” said Candace McGraw, chief executive, CVG.
“We’ve been approached by developers and are pleased to partner with Burrell Aviation on this flagship facility. With ample demand, we know this facility will act as a catalyst for continued cargo growth at CVG.”
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