Spanish ports invest
The three ports of Spains Comunidad Valenciana (Valencia, Castellon and Alicante) region will invest a combined € 397.25m in 2004, up 50% over 2002. Of this, € 115m will be contributed by various state bodies while the balance of € 281.86m (71%) will be sourced from the private sector.
During the past year, 1,100 new longshoremen were hired, increasing employment for an industry that already supports 228,000 jobs in the region.
At Valencia investment will total €257.7m, of which €184.3m (65.3%) will come from private operators and just 9% from the state. Alicante, meanwhile, has budgeted €51m for infrastructure improvements during the year, while Castellon is to spend €88.2m of which €63.6m will come from the private sector.
The central government’s Development Ministry is also upgrading landside access to all three ports spending €3.46m at Sagunto and €1.09m at Gandia, both of which form part of the overall Valencia port authority complex. The main port will get a further €2.3m for roads while a new rail access line will be put in place costing €11.46m. Finally, €33.45m has been allocated to Castellon for road access upgrades.
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