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Port Authority of Valencia to invest more than US$1.24 billion in port improvements

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The Port Authority of Valencia (PAV) has unveiled plans to invest approximately US$1.247 billion (€1.098 billion) through its Business Plan 2021-2025 in sustainability, innovation, accessibility, digitalisation, and city-port relationships for the Ports of Valencia, Sagunto and Gandia.

In particular, the PAV’s proposal suggests that more than US$68 million (€60 million) will go towards alternative energy projects such as the electrical substation of the Port of Valencia, the location of photovoltaic plants in Valencia or Gandia, as well as the installation of wind energy, and the electrical connection of the Port of Sagunto.

Among the actions planned for the Port of Valencia, the following stand out:

  • US$451 million (€397 million) for the dredging and North Container Terminal to be located in the inland waters of the breakwater of the northern extension. The terminal will be the most eco-efficient terminal with a clear commitment to electrification, renewable energies and rail access, according to PAV.
  • US$113.6 million (€100 million) for railway and road accesses, including the remodelling of the road and railway network between the Poniente and Costa docks, as well as the Poniente and Levante docks, the supply of track equipment, and the adaptation and electrification of the northern railway network.
  • US$64 million (€56.4 million) for city-port actions, such as the multiple services building in front of Nazaret, the recovery of the RoyalStair, the urban development of the area next to Nazaret and compensatory actions for the road and railway accessibility works.

The investments for the Port of Sagunto include:

  • More than US$56.8 million (€50 million) for the railway accessibility.
  • US$22.1 million (€19.5 million) for the generation and conditioning of berths and surfaces in the Muelle Centro 2 and Dique Norte.
  • US$9.6 million (€8.5 million) for the integration of the north area and the jetty.

Moreover, the port authority is going to invest in the Port of Gandia:

  • US$16.4 (€14.5 million) in the works on the Serpis 2 quay.
  • US$3.2 million (€2.8 million) in the dredging of the port entrance.
  • US$2.27 million (€2 million) for the actions linked to the ideas competition for the areas for citizen use in the port.

“This is an investment that aims to make the port facilities more competitive, efficient, effective and intelligent under the common umbrella of the port community of linking all initiatives to the environment and the fight against climate change, strengthening the city-port relationship and generating wealth and employment in its area of influence,” noted the port authority in a statement.

The PAV Investment Plan, validated by the Ministry of Transport, Mobility and Urban Agenda through the state-owned company Puertos del Estado, will undertake projects to consolidate Valenciaport as a strategic hub in the Mediterranean.

In addition, the port authority is also intending to allocate more than US$73.8 million (€65 million) for initiatives planned to reinforce the city-port relationship to promote the connection with its neighbours and tourists visiting the Valencian Community.

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