TIL bids for new Valencia terminal
Terminal Investment Limited (TIL) has proposed to invest €1,011m to build and operate the new terminal within the northern extension of the Port of Valencia.
The offer submitted to the Port Authority of Valencia (APV) is for what will be the fourth container terminal at the port and includes annual investment instalments from 2022 until 2026.
TIL has scheduled its work in three phases. The first phase will take 28 months, during which time work will include development of a 860,000m2 terminal area and a 1,100m berthing line.
Nine months later the second phase will conclude, in which an additional 220,000m2 of terminal area and 400m of berthing line will be added to the previous spaces.
Phase three will be completed 11 months after the conclusion of the second phase; enabling 280,000m2 of terminal and another 470m of dock line.
The entire concession requested by TIL comprises 1,360,000m2 of terminal, 128,050 of water surface and 1,970m of berthing line for ships.
The term for the commissioning of the first phase of the terminal has been programmed to 36 months, that of the second to 45 months and that of the third, for 54 months; terms that will begin to count from the date of the beginning of the concession.
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