FedEx Express is building a new regional hub within the Air Cargo Express (ACE) hub at Singapore's Changi Airport. The facility will enhance FedEx customers' access to global markets and support Singapore's aim to be a leading air cargo hub in the region. The 282,700 sq foot integrated FedEx operating facility is the second largest operation facility in the Asia Pacific region (after the Asia Pacific hub located in Guangzhou, Southern China). Slated for completion in the second half of 2012, the FedEx Singapore regional hub will integrate delivery, pick-up and air operations under one roof. "The GDP of the ASEAN economies is projected to expand by 5.5 percent and 5.75 percent in 2011 and 2012 respectively. FedEx has already established a significant presence in Southeast Asia. With this new regional hub in Singapore, FedEx will further enhance our ability to offer customers unparalleled connectivity and enhanced services," said David Cunningham, President, Asia Pacific, FedEx Express. The FedEx Singapore regional hub is strategically located within Changi Airport's free trade zone and beside the Airport Logistics Park of Singapore. It will boast a five-belt sort system with capacity to sort up to 9,000 packages per hour and house over 250 delivery vans. It will also include airside infrastructure such as two new aircraft parking bays as well as a special on-site facilitation by the Immigration and Checkpoints Authority and Singapore Customs for efficient cargo clearance. source: cargonewsxpress