The Port of Valencia activates investment of 1,564 million euros for new container terminal

• The Board of Directors of the Port Authority of Valencia (PAV) has this morning approved the Construction Project for the Container Quay of the North Extension of the Port of Valencia

• The PAV is beginning to draw up the documentation to put out to tender for the works, which will involve a public investment of 542.7 million euros by Valenciaport

• For its part, the Italian/Swiss firm TIL will invest 1,021 million euros to build what will be the fourth container terminal in the Port of Valencia, on the works that the PAV is starting today

The Board of Directors of the Port Authority of Valencia (PAV) has this morning approved the Construction Project for the Container Quay of the North Extension of the Port of Valencia, with a base budget of 542,694,149.17 euros of public investment. To this will be added the 1,021 million euros to be provided by Terminal Investment Limited (TIL), a company belonging to the MSC group, a European company that will be responsible for the construction and operation, under an administrative concession, of the new container terminal.

It is an initiative that will involve a public-private investment of 1,564 million euros to provide the Valencian precinct with the most sustainable and modern container terminal in the world, a model for the environment, where the electricity will come from 100% renewable sources, which will allow the supply of electricity to ships in port and will have a clear commitment to the railway. The new terminal will reinforce Valenciaport's position in the Mediterranean and its work as a tractor company at the service of Spanish economic activity.

Features of the new terminal

This infrastructure will make it possible to continue to offer an optimum service to the Spanish economy and maintain the inter-oceanic character which guarantees connectivity with markets on the five continents. This container terminal project will have a surface area of some 137 hectares and 1,970 meters of berthing line, with a capacity to hold 5 million containers. The terminal will have a state-of-the-art design, technology and equipment, with a fully electrified facility, allowing it to serve the large container ships in service, with high performance in both maritime and land operations.

In environmental terms, the new container terminal will be a smoke-free space, as it will minimize CO2 emissions by supplying electricity to cranes and yard machinery, and to container ships that will connect their engines to the electricity grid during their stay in Valencia. The project presented by TIL/MSC to Valenciaport includes the electrification of 98% of the driving components and installations of the terminal; in addition, 100% of the electricity will come from renewable sources, which in turn will imply a 98% reduction in CO2 emissions.

In this line, automation, the use of advanced traffic prediction systems, the design of the buildings with energy efficiency criteria, and the external lighting system with LED-type luminaires will minimize energy consumption. In its project, TIL makes an important commitment to intermodality and offers to develop a railway terminal equipped with six 1,000-metre-long tracks, with the capacity to move 305,000 TEUs/year by rail.