The Port Authority of Valencia’s (PAV) business plan 2021-2025 involves total investments of around €1,098 mill.
Among the investments is a €27.4 mill passenger terminal.
APV said that it was aiming to introduce a more sustainable and de-carbonised port, a more innovative port that attracts talent and generates disruptive projects, a reference port for alternative energies, a digitalised and safe port, a port that fosters new spaces for its neighbours or a port that creates synergies with the railway.
The investment plan, validated by the Spanish Ministry of Transport, Mobility and Urban Agenda through Puertos del Estado, will allow PAV to undertake projects to strengthen Valencia as a strategic hub of the Mediterranean.
In addition, the PAV will strengthen the city/port relationship to promote the connection with its neighbours and tourists who visit the local area.
The €27.4 mill passenger terminal investment will include the development of the site and rehabilitation of the old shipyard, rebuilding the Espigón del Turia and Muelle Grada y Fondo berths, as well as other facilities for international traffic in the new public terminal.