The Port of Valencia’s (PAV) Board of Directors has approved the construction project for the container quay of the north extension of the port, with a base budget of €540m (US$570m).
To this will be added the €1.02bn (US$1.07bn) to be provided by Terminal Investment Limited (TIL), which is responsible for the construction and operation of the new terminal under an administrative concession.
It is hoped that the public-private investment of €1.56bn (US$1.64bn) will help to deliver one of the most sustainable terminals in the world, with electricity coming from 100% renewable sources.
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