Spain’s state-owned Port Authority of Valencia (PAV) has unveiled a business plan to invest more than €233m to upgrade three of its ports, including Valencia, Sagunto and Gandía, until 2020.
As part of the plan, PAV is planning to invest €56.19m during this year and more than €177m during the period of 2018-2020.
Of the €35.44m to be invested in the port of Valencia this year, €25.55m will be used for generating and conditioning new berths and surfaces.
€18.5m will be invested for dredging of the port’s Prince Felipe and Levante docks and for the improvement of the drainage of Príncipe Felipe, Levante and transverse wharves of Costa.
The proposed dredging is expected to increase the draft of the three terminals from Valencia port by around 18m, enabling the port to handle a new generation of container ships, with more than 18,000 twenty-foot equivalent unit (TEU) capacities.
PAV also plans to invest €3.7m for the paving of the old bulk terminal during this year.
In addition, PAV will spend another €9m, until 2020, to complete some of the works, which will be started with its initial investment plan.
PAV’s business plan, which has already been approved, also includes an investment of €1.7m for actions on accessibility to the port of Valencia.
The access plan covers works such as the extension of the road south and new access to the cruise ship pier and depot of the port.
A total of €52m has been dedicated to remodel the railway terminal of Valencia port’s Príncipe Felipe Wharf until 2020.
Image: Port Authority of Valencia to upgrade three of its ports in Spain. Photo: courtesy of Valenciaport.