The Port Authority of Valencia (PAV) has presented its business plan for 2020-2024, setting out a total investment of €822m (US$1bn), prioritising railway projects and the development of environmentally sustainable infrastructures.
The plan, which has been approved by Puertos del Estado, features €552m (US$675m) corresponding to new projects while the remained relate to developments that are already underway.
Aurelio Martinez, president of the PAV, said that the projects planned for the ports of Valencia, Sagunto and Gandia will “make them more competitive, efficient, innovative and intelligent under the common umbrella of the port community”.
This will enable the ports “to be a reference point in the environment, decarbonisation and sustainability, to strengthen the city-port relationship and to generate sustained and qualified employment,” he added.
Aiming to reach zero emissions within the framework of Valenciaport 2030, €3.2m (US$3.9m) will be invested in energy efficiency programmes and consumption control systems, while €15m (US$18m) is planned for wind power and €2.8m (US$3.4m) for photovoltaic systems in the generation of alternative energies.
A €10m (US$12m) electricity substation will be constructed, which will enable various energy plans to be activated, such as the connection of ships to the electricity network.
According to the port authority, these actions will enable the port to be a reference hub in the Mediterranean where large ships from any corner of the world can operate and respond to the needs of companies, which use the port as a gateway for cargo.
The new North Terminal, the improvement of railway accessibility, the creation of electrical substations in Sagunto and Valencia and the creation of new moorings or surfaces are seen as vital to the fulfilment of this strategy.
Among the main investments planned for the Port of Valencia are the remodelling of the road and rail network between the Muelle de Poniente and the Muelle de Costa, with an amount of over €45m (US$55m).
The Muelle Príncipe Felipe terminal will also be adapted to international standards with a cost of €8.2m (US$10m).
In order to reinvorce the road and rail link of the Sagunto-Valencia business corridor, €40m (US$48m) will be invested.
The business plan also includes €400m (US$490m) in public investment for the execution of the work on the new container terminal in the previously announced northern extension of the Port of Valencia.
The new facility is designed to be “the most eco-efficient terminal” with a commitment to electrification, renewable energy and rail access, while generating growth in economic activity and qualified employment.
Projects to develop a new public passenger terminal and redevelop a former naval shipyard for the berthing of cruise ships will be undertake as well.