Spanish terminal to "double" port's activity

TIL container terminal The new TIL terminal will provide a huge economic boost for the Port of Valencia. Photo: Valenciaport

A new container terminal is expected to "double the economic activity" of a Spanish port.

By 2030, with the Port of Valencia's new container terminal in the northern expansion site of the port in operation, more than 44,000 new jobs will have been created, said Aurelio Martínez, president of the Valencia Port Authority (Valenciaport).

"The new container terminal to be located in the northern expansion will double the economic activity of the Port of Valencia, generating up to 80,000 jobs (twice as many as today) and a gross added value of close to 6,000 million euros (three times more than at present)," said Mr Martínez.

Developed by TIL

Terminal Investment Limited (TIL) has a contract to build and operate the North terminal, which will be the fourth container terminal at the port.

Mr Martínez said that the due to the port authority's commitment to sustainability, the new TIL terminal will minimise CO2 emissions by supplying electricity to ships. Up to 98% of its machinery will be electric and the terminal aims to use energy from 100% renewable sources.

Mr Martínez said that the northern expansion of the port is needed to cope with international trade and the Port of Valencia is already at 73% of its maximum capacity.

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