Ted Stevens Anchorage International Airport (ANC) in Alaska is the fourth busiest air cargo in the world, and a new cargo terminal at the airport is set to provide a boost in transpacific shipments.

Investment management firm Tiger Infrastructure Partners in early November announced the acquisition of a controlling interest in ANC operator IC Alaska Airport LLC, which has leased a 120-acre land at the Alaskan airport for 55 years.

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As agreed, IC Alaska Airport LLC will be renamed to NorthLink Aviation, which will develop an air cargo terminal located on the ANC south campus with equity from Tiger Infrastructure.

NorthLink will provide the infrastructure for cargo airlines delivering high-value goods between Asia and North America. Once complete, the air cargo terminal will help carriers refuel, de-ice and exchange cargo at the airport.