ALASKA FUTURE FUND INVESTS IN NORTHLINK AVIATION’S ANC AIR CARGO TERMINAL DEVELOPMENT

The Alaska Future Fund has announced an investment in NorthLink Aviation. NorthLink is currently working on the development of an air cargo terminal at the Ted Stevens Anchorage International Airport (ANC) and holds a 55-year lease on a 120-acre property at the airport. The Alaska Future Fund invests in projects that help to support Alaska’s economy with the generation of strong investment returns and the growth of private market opportunities. Tiger Infrastructure Partners has also invested in NorthLink to help fund construction of the new air cargo terminal.

According to NorthLink, ANC is the fourth largest cargo airport in the world and their development of the South Park Campus will help to support growing cargo volumes. The new cargo terminal will include 11 hardstands with dual-hydrant fueling systems, temperature-controlled warehouse facilities, infrastructure to recover and recycle glycol used for deicing, and LEED-certified office space. ANC is exempt from the Jones Act which allows the airport to permit trans-loading of cargo from both U.S. and international carriers.