O’Hare Cargo Pact Set

Chicago announced an agreement Monday with Aeroterm LLC to begin construction on a new, $200 million cargo center at O’Hare International Airport.

The project will be funded by a $130 million investment by Aeroterm and more than $62 million of airport funds.

“O’Hare is one of our city’s key economic engines and this project will vastly increase O’Hare’s cargo operations capacity, create thousands of quality jobs for Chicagoans, and increase Chicago’s competitive position as a global transportation and cargo leader,” Mayor Rahm Emanuel said in a statement.

A lease agreement between the city and Aeroterm, chosen through a competitive selection process in 2009, will be submitted to the City Council for approval next month.

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Transportation industry Illinois
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