DAMG Worldwide Announces Plans to Develop and Finance an Air Cargo Multimodal Transport Park in Monterrey, Mexico.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 24, 2000 DAMG Worldwide announced today that it has created a joint venture to develop a multimodal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting transport park in Monterrey, Mexico for air cargo air cargo: see aviation. , rail and truck operations. DAMG has signed a letter of intent with local partner ADNPlus International in Monterrey to work together to build and finance the project, which is the first inland, multi-use Foreign Trade Zone within Mexico. ADNPlus International has acquired 1,169 acres adjacent to Aeropuerto del Norte, a general aviation airport located nine (9) miles north of Monterrey. ADNPlus International is positioned at the juncture of the NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's Highway and the only toll-road going north, 120 miles, to Laredo, Texas. Thirty (30%) percent of all border trade between the United States and Mexico moves through Laredo. ADNPlus was formed in 1994 by Francisco Maldonado, who has 35 years of banking and corporate finance experience. &uot;We are very pleased to partner with ADNPlus International on this project,&uot; said Joseph A. Piscitell, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DAMG Worldwide. &uot;Monterrey's role as one of the largest industrial cities in Mexico List of the largest cities in Mexico: City Population (est. 2002) México, DF (Mexico City) 8,548,639 Ecatepec de Morelos, México 1,969,858 Guadalajara, Jalisco 1,651,417 Tijuana, Baja California 1,465,649 Ciudad Juárez, Chihuahua 1,440,025 , its proximity to the U.S. border, and the fact that it brings together in one location air, rail and trucking in a multi-user Free Trade Zone, make this a tremendous opportunity. This asset is consistent with our world wide business plan to develop all modes of transport facilities.&uot; DAMG Worldwide is a New York-based leading financier and owner of aviation assets worldwide with a concentration on air cargo facilities and is also one of only two preliminarily approved applicants in the Federal Aviation Administration's Airport Pilot Privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned Program. DAMG Worldwide operates three separate businesses, DAMG Infrastructure Group, DAMG Realty Group and DAMG Ventures. DAMG Worldwide, through its Infrastructure Group, is the financier of the $1 billion San Diego Air Commerce Center at Brown Field (&uot;SANDACC&uot;), a state-of-the-art commerce center and the largest air cargo privatization project in North America. In addition, DAMG Worldwide is the financier of the WorldPort at DIA project, a $93 million public/private air cargo development and commercial complex at the new Denver International Airport This article is about Denver International Airport. For other uses, see KDEN (disambiguation). Denver International Airport (IATA: DEN, ICAO: KDEN, FAA LID: DEN), often called DIA . DAMG also owns affiliates in the handling, fueling and airport operations segments. |
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