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The New Northern Container Terminal Of The Port Of València Will Reduce CO2 Emissions By 98%

The new northern container terminal of the Port of València will reduce CO2 emissions by 98%

València, May 1, 2021 The container terminal designed for the inland waters of the northern expansion of the Port of València is a clear example of infrastructure that combines sustainability and growth. On the one hand, the new terminal will be the most environmentally advanced in the world, and on the other, it will contribute to generating employment and wealth in the Valencian Community and Spain. This
infrastructure will strengthen Valenciaport’s position in the Mediterranean and its work as a tractor company at the service of Spanish economic activity. Thus, in environmental matters, the new container terminal will be a smoke-free space, since it will minimize the emission of CO2  by supplying electricity to cranes, yard machines and container ships. In the project presented by TIL / MSC to Valenciaport, the electrification of 98% of the terminal’s motor components and facilities is contemplated; Furthermore, the electricity will come from 100% renewable sources, which in turn will imply a 98% reduction in CO2 emissions. Along these lines, the high automation of equipment and operations, the use of advanced traffic prediction systems, the design of buildings with energy efficiency criteria, and the external lighting system with LED-type luminaires will allow energy consumption to be minimized. A project that is part of the objective of “Valenciaport 2030, Zero Emissions” that is based on actions that go through a determined and firm commitment to the implementation of renewable energies with investments in wind and photovoltaic energy, the construction of a new electrical substation that allows the connection to the network of the ships docked in port, the implementation of projects with hydrogen in port facilities and machinery or the plans for the supply of LNG to ships. Bet on intermodality In its project, TIL makes an important commitment to intermodality and offers to develop a railway terminal equipped with 6 tracks of 1,000 meters in length, with the capacity to move 305,000 TEUs / year by rail. In addition, the automation of certain processes of the infrastructure will mean the creation of a technological cluster around it with the consequent creation of highly qualified jobs. The new container installation will create new qualified jobs and will stimulate the economic activity of the Valencian Community and Spain. And the fact is that the terminal will involve an investment of close to 1,400 million euros: up to 400 public (with public financing that will guarantee and cover the Port through its daily operations) and 1,021 private (committed by TIL in its Plan of Investments). All this will generate a significant economic impact both in the construction phase and when it comes into operation. UPV Impact Study According to the study on the impact of the new Container Terminal of the North Expansion of the Port of Valencia prepared by the Institute of Transport and Territory (ITRAT), under the direction of Vicent Esteban Chapapría, professor in Ports and Coasts of the Higher Technical School of Engineering of Roads, Canals and Ports, in 2030, with the new terminal fully operational, the economic impact of the port of Valencia will represent 2.27% of the whole of the Valencian Community in terms of added value and employment will exceed 44,000 jobs, whose average salary will be around 32,000 euros per year. As a whole, the port of Valencia will represent 2.2% of all employment in the Valencian Community. The aforementioned study was presented in February 2020 and was the result of the collaboration between the Polytechnic University of Valencia (UPV), the Valencian Business Confederation (CEV), the Valencia Chamber of Commerce and the business association, Propeller Valencia. Among its final considerations, and in terms of employment, it was concluded that: Each euro invested in equipping the new north terminal will generate a total effect of 1.56 euros in the productive sectors of the Valencian economy.The new Port infrastructure will create a total of 17,017 new jobs in the period 2022-2023 and 15,284 jobs between 2024-2026.On a social level, the impact will be very significant: directly, in 2023, the port of Valencia will generate 18,461 additional jobs to those of the port community, a figure that will be higher (19,800) in 2025.In indirect terms, the employment created will also be important: in the two years of analysis, there will be more than 4,200 workers in 2023 and 2025.The induced effect, less than the direct one, will reach figures of around 13,000 jobs in each year analyzed. These jobs can be considered stable and lasting over time.During those years there will be an overlap of activity: on the one hand, the conditioning of the terminal, and, on the other, the activity resulting from port traffic. Thus, if investments are made in a linear fashion and economies of scale are not taken advantage of, in 2023 the employment generated could reach 44,000 jobs and in 2025 it would approach 43,000 jobs. The economic impact of the investments for the equipment of the new north terminal will mean a modification of the final demand falling in the construction sector. The planned investment, of almost € 1,500 million, will have a direct effect of more than € 1,200 million in the production network (628.5 between 2022-2023 and 586.2 between 2024-2026).At an aggregate level, the results of the direct effect show a notable increase in the volume of wages and salaries and in company profits, € 214.3 and 281.5 M respectively in the 2022-2023 period, and from 199.9 and 262, € 5 M, respectively, for the period 2024-2026.The economic aggregates of the indirect effect reveal that wages have a significant weight in gross value added. The volume of the induced effect (€ 388 million in gross added value in 2022-2023) is higher than the indirect effect (€ 155 million in GVA in 2022-2023), but without reaching the levels of the direct effect (€ 519 million in GVA in 2022-2023).In addition, the gross added value of the Valencian economy will experience an increase of more than € 2,000 million in 2022-2026, with a generation of tax revenue of around € 85.79 million.The total economic impact of the port of Valencia when the terminal is partially active has been calculated using official traffic forecasts. This has made it possible to estimate that in 2023 the activity of the port will exceed € 1,600 million and in 2025 it could exceed 1,800 million. The results reveal that the port of València will directly generate an increase in gross added value of € 1,186 and 1,321 M in 2023 and 2025 respectively, where salaries will have the greatest weight, an issue that is repeated in the indirect and induced effects. The sum of all of them supposes a total effect estimated at € 1,021 and 1,138 M in terms of salaries, while the gross benefits will reach 966 and 1,076 during the years 2023 and 2025. The report can be viewed and / or downloaded h Source: Autoridad Portuaria de València (APV – Valenciaport, Port Authority of Valencia)

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