The building project for the container quay of the north expansion of the Spanish port, with a base budget of more than US$570 million of public investment, has been approved by the board of directors of the Port Authority of Valencia (PAV).
More than US$1 billion will be added to the budget by MSC's port affiliate, Terminal Investment Limited (TIL), which will also be in charge of building and running the new container terminal as part of an administrative concession.
The project, which will cost over US$1,6 billion, aims to build Valencia a modern, sustainable container terminal with electricity generated entirely from renewable sources. This project will enable electricity to be supplied to ships in port and demonstrate a firm commitment to the railway.
This new terminal is being built to strengthen Valenciaport's position in the Mediterranean and its role as a critical corporation supporting Spanish economic activity.
With a surface area of roughly 1,370,000 m2 and 1,970 meters of berthing line, the new box terminal is anticipated to have a holding capacity of 5 million containers.
According to Valencia Port, the new container terminal will minimize CO2 emissions by providing energy to cranes, yard equipment, and container ships that will connect their engines to the electricity grid while they are at the port. As a result, the new container terminal will be smoke-free.
98% of the terminal's driving parts and installations will be electrified as part of the project TIL/MSC offered to Valenciaport. Additionally, 100% of the electricity will come from renewable sources, which means that CO2 emissions will be reduced by 98%.
Automation, the use of sophisticated traffic prediction systems, the design of buildings with energy efficiency criteria, and the external lighting system with LED-type luminaires will all help to reduce energy consumption in this field.
Terminal Investment Limited also plans to build a rail terminal with six 1,000-meter-long tracks that will allow for the rail transportation of 305,000 TEUs annually.
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