Saasa Global, a subsidiary of Andino Inversiones Global, has announced the start of works on its second cargo terminal at Adolfo Suárez Madrid-Barajas Airport. The work will last for 12 months and involves an investment of 3.6 million euros aimed at the complete adaptation of the plot, covering both the demolition of the current asset and the comprehensive remodeling of the building.
The intervention is located on plot M-15 of the Air Cargo Center, granted by Aena under a concession for 30 years. The company was awarded the contract after submitting a proposal for a fixed monthly fee for 2025 of 31,493.78 euros, higher than the minimum required in the specifications, and with an annual update of 2.5% planned.
As detailed by the company in a statement, the plot, intended for the storage, handling, and distribution of goods and air cargo, has an approximate area of 7,621 m2 and a maximum buildable area of 6,565 m2. The project plans for a new warehouse of about 3,000 m2, with an estimated capacity to handle 30,000 tons annually, eight loading docks for trucks, and an additional ramp for oversized cargo, as well as new office spaces.
The execution of the terminal will be carried out through an EPC contract signed with Napisa. Financially, Saasa maintains the financing structure of the project backed by Frux Capital.
"This project will allow us to expand our operational reach and strengthen synergies with our first terminal at a key airport for air trade between Europe and Latin America," said Saasa's general manager, Enrique Vargas.
Six months of activity at Saasa's first terminal in Barajas
Meanwhile, Saasa's first cargo terminal at Madrid-Barajas reached its first six months of operations on April 13, with the Canary airline Binter as its first customer.
This asset is also operated under a concession model with Aena for 30 years and includes a plot of 14,000 m2, with a warehouse of 6,160 m2 and 18 loading docks.
The infrastructure obtained the 'green light' from the Ministry of Agriculture, Fisheries and Food to operate as a Border Control Point (PCF) in June of this year. It also has authorization as a departure point for small live animals, operational since October 1.