Private sector cash needed for Valencia expansion

The Port of Valencia's northern expansion will only go ahead if the private sector can stump up €400m of investment capital Photo: Marcela Escandell/flickr/CC BY-SA 2.0 The Port of Valencia's northern expansion will only go ahead if the private sector can stump up €400m of investment capital Photo: Marcela Escandell/flickr/CC BY-SA 2.0
Industry Database

The northern expansion of the Port of Valencia, in Spain, will only go ahead if the private sector can stump up €400m of investment capital, says the port authority Autoridad Portuaria de Valencia (APV), or Valenciaport.

This finance is needed to create the new quays and container terminals. To date, the APV has not issued the necessary tender for this work as it wants to be sure of interest from the private sector.

As part of its business plan, the APV would fund around a quarter of the necessary resources, while shipping lines or unidentified Asian investors would need to provide the remaining 75%.

LATEST PRESS RELEASES

Intermodal Europe 2018 steers the way for the global container shipping industry

With the global container shipping market currently estimated to be worth $4 trillion and representi... Read more

A TRADITIONAL TMS, WE DON'T THINK SO

1-Stop Connections (1-Stop) is the industry leader in solving supply chain challenges to speed upthe... Read more

Arctic Route: an historic milestone for SOGET and S)ONE

On September 6th, at the Radicatel Terminal which is located between Le Havre and Rouen, the special... Read more

SOMACOM chooses TGIBOX to access to a real time geolocalization of its CHE

Since the beginning of June, SOMACOM is operating TGIBOX with 4 Straddle Carriers on the container t... Read more

KRIBI port chooses OSCAR Terminal Operating System !

To achieve its ambition to become an essential logistics platform in the Central African region, the... Read more

World’s smartest digital port with Northern collaboration:

World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more

View all