Valencia Port Authority (PAV) has announced the construction of a new container terminal in the northern expansion by 2030, which is expected to increase the container volume capacity and double the economic activity of the port, according to Aurelio Martinez, PAV president.
The president of the PAV said the new TIL terminal will be “the most environmentally advanced [terminal] in the world.” According to Martinez, the North terminal will minimise CO2 emissions by supplying electricity to ships, will contemplate the use of up to 98% of electrical machinery, the origin of energy will be 100% from renewable sources, or the reduction of 98% of current CO2 emissions.
Additionally, Martinez highlighted the importance of the North expansion “for the whole of the economic activity of the Valencia Region and Spain,” claiming it will double the number of jobs generated by the port to 80,000 and increase more than three times the gross added value at around €6 million (US$6.7 million).
The Northern expansion of the Port of Valencia has a public-private investment of €1.4 billion (US$1.6 billion), a volume of investment that exceeds that executed in 2017 by the Generalitat Valenciana, which was close to €800 million (US$897 million), or the investment of the general state budget of 2019 in the Comunitat Valenciana which amounted to €1.2 billion (US$1.35 billion).
Martínez has participated in the cycle of digital meetings organised by the Scito Foundation and the Chair of Valencian Territorial Culture where he has explained the North extension inaugurated in 2012, in a session that has counted with the Conseller of Territorial Policy, Public Works and Mobility, Arcadi España, the President of Puertos del Estado, Francisco Toledo, and the Mayor of Valencia, Joan Ribo.
During his speech, the president of the PAV focused on six reasons why the northern expansion is necessary:
- The continuous growth of international trade
- The 73% of the maximum capacity of the port of Valencia has been reached
- The willingness of the port to continue to be a hub port, not to lose traffic and to fulfil its objectives and commitments to society
- The willingness of some investors to bet on the port of Valencia
- The nature of these kinds of infrastructure that have very long maturation periods
- The fact that the expansion has already been carried out
“The work on the breakwaters of the northern enlargement has already been completed, a key infrastructure of the enlargement that could have an environmental impact and which required the corresponding EIS in 2017,” he pointed out.
Port of Valencia has not made known the size of the new container terminal, which will be located in the northern expansion.