- The Board of the Port Authority of Valencia awards TIL – the bid selected by the Board in September 2019 – the concession for the start-up of the new public container terminal in the northern area of the Port of Valencia
- The new northern terminal will strengthen the position of the Valencian precinct as a strategic hub port in the Mediterranean and the commercial connectivity of Spanish exporters
- It represents the largest private investment made to date in the Spanish port system, being a reference model of public-private collaboration
- The new infrastructure has been conceived and designed under the premise of maximising its multimodal operations, as well as under strict environmental respect criteria, which include its total electrification with self-sufficient operation and 100% renewable origin
València, 26 September 2024.-The Board of Directors of the Port Authority of Valencia (PAV) has taken a further step forward in the administrative process by awarding Terminal Investment Limited (TiL) the administrative concession for the construction and operation of a maritime container terminal open to general traffic in the North Extension of the Port of Valencia for a period of 50 years.
It should be recalled that TiL’s bid was the one selected by the Board of Directors in September 2019 at the proposal of the Qualification Committee.
The private investment foreseen in the bid submitted amounts to ONE BILLION NINETY-EIGHT MILLION TWO HUNDRED AND TWO HUNDRED AND THIRTY-SEVEN THOUSAND EUROS (1,098,237,000 €) and includes all the investments necessary for the commissioning, operation and maintenance of the new Terminal that will not be carried out by the PAV.
The new terminal is the largest public-private investment made to date in the Spanish port system and is a benchmark for the public-private partnership model. The PAV – responsible for the construction of the dock – has committed an investment of up to 656 million euros (Total Estimated Contract Value) and TiL (the company selected to grant the concession) in its bid foresees an investment of 1.1 billion euros.
In environmental terms, the new container terminal will be energy self-sufficient, in line with Valenciaport’s goal of a zero emissions port by 2030. A smoke-free space that will minimise CO2 emissions by supplying electricity to cranes, yard machinery and container ships which, during their stay in Valencia, will connect their engines to the electricity grid (with a 100% renewable source of origin).
From the railway point of view, the new port area will generate a new 1,000 m long six-track railway terminal as a loading/unloading facility for railway goods, which will turn Valencia into a first-class multimodal hub. This project involves the implementation of an infrastructure of the highest level to guarantee the competitiveness of the State-owned Port System and, therefore, of the Spanish productive fabric and foreign trade. This terminal is a strategic investment at national level with an unquestionable economic impact in terms of generating employment and wealth.