Valencia Port Phase 3

Objective

Port Authority of Valencia unveils $1.25bn investment plan through 2025

Description

- The plan includes €27.4m for a new passenger terminal in the Port of València. - An additional €397m is expected to be invested for the northern container terminal, €100m will be allocated for railway and road accesses, and €56.4m for city-port actions. - Over €60m will be invested in alternative energy projects such as an electrical substation, solar panels and wind power. - In the Port of Sagunto, more than €50m is expected to be spent on railway accessibiity. PAV allocated €19.5m for the generation and conditioning of berths and surfaces in the Muelle Centro 2 and Dique Norte and €8.5m for the integration of the north area and the jetty stand out. - Furthermore, PAV will invest €14.5m in the works on the Serpis 2 quay; €2.8m in the dredging of the port entrance and another €2m for the actions related to the Port of Gandia.