News Ports

Port of Valencia approves $1.6bn new container terminal project

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MSC’s port subsidiary, Terminal Investment Limited (TIL) will add over $1bn to the budget and will be responsible for the construction and operation, under an administrative concession, of the new container terminal.

The project is an initiative that will involve a combination of public and private investments of over $1.6bn to provide Valencia with a sustainable and modern container terminal, where power will come from 100% renewable sources and imply a 98% reduction in CO2 emissions, which will allow the supply of electricity to ships in port and with a clear commitment to the railway.

The new box terminal with a capacity of 5m teu, is expected to have a surface area of around 1.37 sq m and 1,970 metres of quay.

The project presented by TIL/MSC to Valenciaport includes automation, the use of advanced traffic prediction systems, the design of the buildings with energy efficiency criteria and the external lighting system with LED-type luminaires will minimise energy consumption.

Furthermore, TIL aims to develop a railway terminal equipped with six 1,000-metre-long tracks, with the capacity to move 305,000 teu per year by rail

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