Los Angeles World Airports (LAWA) has selected LAX Community Partners (LACP), a partnership between Realterm and JLC Infrastructure (JLC), a joint venture between Magic Johnson Enterprises and Loop Capital, for the new Cargo Modernization Program at Los Angeles International Airport (LAX). In 2022, LAX was ranked as the sixth busiest airport in the world and fifth in the U.S. for air cargo tonnage. Currently, it boasts three cargo areas with 27 buildings totaling approximately 2.6 million square feet of space along with 3.5 million square feet of aircraft ramp area; many of these facilities are 20 to 80 years old and no longer compatible with current industry standards due to their age-related wear-and-tear .
Marion Smith , managing director at JLC Infrastructure expressed his excitement over being part of this critical project: “We are honored to be involved in a project that will improve cargo operations at LAX while also aligning well with our sustainability goals.” He further added that they were looking forward to working alongside Realterm on this endeavor .
The modernization program is expected bring much needed updates which will help ensure efficient transportation services across Los Angeles International Airport while simultaneously promoting environmental sustainability initiatives within its infrastructure development plans .
