Cádiz, Spain (PortSEurope) March 29, 2021 – The President of Puertos del Estado, Francisco Toledo, has visited the facilities of the Port of Cádiz together with the president of the Port Authority, Teófila Martínez and the director, Juan Agustín Romero. At a meeting held by Toledo, he congratulated Martínez for the good traffic results in 2020, “since the Port Authority of the Bay of Cádiz
(Autoridad Portuaria de la Bahía de Cádiz (APBC – Port Authority of Cadiz) has been one of the two that have grown in a year marked by the impact of the pandemic that has reduced maritime traffic in Spain by 8.7%”. In addition, the president highlighted “that it has closed the financial year with a positive result, when a large part of the port system has done so in the red”. Throughout the meeting, the ongoing projects and those to be developed in the coming years were analyzed, among which are the investment in the new container terminal, which is in an advanced state; the improvement of rail connectivity, the execution of which has largely already been awarded; the ambitious port-city integration project and investments in environmental sustainability and energy. For these actions, Puertos del Estado and the Port Authority of the Bay of Cádiz agreed on an investment plan for a global amount of €118 million during the four-year period 2021-2024, almost €30 million of which correspond to the current year. Toledo assured that “these investments will improve the competitiveness of the Port of Cádiz and allow it to continue on the path of sustainable growth and congratulated the Port Authority for the solid development project that it has and that promises a prosperous future.” Likewise, the president of Puertos del Estado stressed that “the investments will create employment in the province and when they become operational, they will contribute to the growth of the surrounding economy and its employment, since they are productive investments that generate return. The president of the Port Authority stressed the importance of having the support of State Ports to achieve the strategic objectives of growth, competitiveness and sustainability. and he agreed on the important return that the port’s investment effort will have in the environment, as an economic engine and an agent that generates employment and wealth. In this sense, it should be remembered that according to the latest economic impact study by the University of Cádiz, port activity generates 11,000 jobs between direct, indirect and induced jobs. Source: Autoridad Portuaria de la Bahía de Cádiz (APBC – Port Authority of Cadiz) Copyright (C) PortSEurope. All Rights Reserved. 2021.
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