Tiger Infrastructure Partners is set to fund the construction of a purpose-built air cargo terminal at the Ted Stevens Anchorage International Airport (ANC).

The private equity firm has announced that it has acquired a controlling interest in IC Alaska Airport, which has leased a 120-acre area at ANC for 55 years.

As agreed, IC Alaska Airport will be renamed as NorthLink Aviation, which will develop the air cargo terminal on the south campus of ANC with equity capital from Tiger Infrastructure.

The terminal will feature 11 hardstands with dual-hydrant fuelling systems, an air cargo warehouse with temperature-controlled facilities and capabilities to recover and recycle glycol used for de-icing aircraft.

The facility will also have office space for customers and the operations team.

Once complete, the air cargo terminal will help air carriers to refuel, de-ice and exchange cargo at the airport.

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Tiger Infrastructure managing director and CEO Emil W Henry, Jr, said: “We believe that cargo volumes at ANC will continue to grow significantly, driven by factors such as the strong outlook for trans-Pacific air cargo, rising e-commerce volumes, increases in the share of cargo volumes carried by dedicated cargo freighters and ANC’s strategic location.

“We are delighted to have the opportunity to build world-class infrastructure at ANC which will address global logistics and supply chain issues.”

ANC airport director Jim Szczesniak said: “By supporting projects that expand the infrastructure for cargo airlines, we are supporting Alaska’s economy. Air cargo volumes continue to grow and this important development project will keep ANC firmly in place as one of the top hubs for the industry.”