The board of directors of Spain’s Port Authority of Valencia (PAV) has approved building a new container terminal.

This fourth container quay at the port will be constructed with an investment the €1.56bn ($1.65bn).

The investment for the development of the terminal will be drawn from both public and private entities.

Valencia port will invest over €542.7m ($573.6m). Currently, this investment is in the process of being drafted after which PVA will seek tenders.

MSC’s port subsidiary Terminal Investment Limited (TIL) will invest €1.02bn ($1.08bn) and operate the new terminal, which will be built in the inland waters of the breakwater of the northern extension of the port.

Featuring 137ha of surface area and 1,970m of berthing line, the terminal is expected to have a handling capacity of five million containers every year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The project will also boost employment at the port from 38,866 jobs to 44,000 jobs.

Power at the terminal will generated by clean energy sources, and the ships will be connected to the electricity grid when they are docked at the port. Due to the use of clean energy sources, the terminal is expected to cut down CO2 emissions by 98%.

The terminal buildings will focus on energy efficiency. Furthermore, the terminal will leverage advanced traffic prediction systems.


Image: This will be the fourth terminal at the Valencia port. Credit: Port Authority of Valencia.