The  Port Authority of Valencia (PAV) is the public body responsible for managing the three state owned ports located along 80km of the eastern Mediterranean coast of Spain: Valencia, Sagunto and Gandía. The PAV, like all other Port Authorities, reports to the Ministry of Development. Moreover, it is governed by Act 27/1992 of 24 November relating to State Ports and the Merchant Navy modified by Act 62/97 of 26 December and Act 48/2003 of November 26 concerning the Economic System and Service Supply in Ports of General Interest which stipulate: -          The role to be played by the PAV in fulfilling the functions assigned to it -          Its organisational structure In addition to this, the 2015 Strategic Plan of the PAV. states its future mission and strategic objectives to be achieved by the year 2015.