València, Spain (PortSEurope) December 2, 2022 – The Board of Directors of the Port Authority of Valencia (APV) has approved the Construction Project of the Container Dock of the Northern Expansion of the Port of Valencia. It has a base budget of €542.69 million of public investment. Additionally, Terminal Investment Limited (TIL), part of MSC, will add €1.02 million. TIL will construct and operate, under an administrative concession, the new container terminal.
The public-private investment of €1,564 million will create the most sustainable and modern container terminal in the world. The origin of electricity will be 100% renewable sources, which will allow electricity supply to ships in port and will have a clear commitment to the railway.
The project will now submitted to the Council of Ministers, given that it is an initiative that entails a public investment of more than €12 million.
The Port Authority has already started to prepare the tender document for the works to be carried out by Valenciaport, which will have a base budget of €542.69 million. Also, Valenciaport are already working to comply with each and every one of the 21 observations and conditions made by the General Directorate of Coasts in its favorable report on Compatibility with the Marine Strategy on the construction project approved today.
The new terminal will be located in the inland waters of the shelter dock of the northern extension of the Port of Valencia.
In the first nine months of 2022, the port handled 4.33 million TEU, down -6.59% on the same peripd of 2021.
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