shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » New Container Terminal Worth $1.64 Billion to Be Built in Port of Valencia

New Container Terminal Worth $1.64 Billion to Be Built in Port of Valencia

by Joshua
December 12, 2022
in Coast To Coast

The Board of Directors of the Port Authority of Valencia have approved the contruction of the new container quay at Port of Valencia. This will be Port of Valencia’s fourth container terminal and is envisioned to be the most environmentally advanced in the world.

NEW TERMINAL

Both public and private entities are to invest in the construction of this $1.64 billion terminal. Over $572 million of public investment by Valencia Port is in the process of being drafted. Following the draft, the tenders for the work will be posted. In addition to this, $1.07 billion will be invested privately by the Italian/Swiss firm, Terminal Investment Limited.

This new terminal will come up in the inland waters of the breakwater of the northern extension of the Port of Valencia. It will have 137 hectares of surface area to work with and 1,970 m of berthing line. With these, the terminal will have the capability of handling 5 million containers per year.

Read Also:  Hamburg Bulk Carriers to Merge With Asia Maritime Pacific

98% of the driving components and installations of the terminal will be electrified and will utilize renewable sources for their energy needs. These also include ships that will be connected to the grid while they are in port.

The new container terminal will increase employment at the Port of Valencia from 38,866 jobs to 44,000 jobs. It will also create 5000 potential jobs for the Valencia’s community in the area around the Port of Valencia. These include indirect and induced jobs.

shippingposition

Kindly like us on Facebook/twitter


Tags: Port of Valencia

Related Posts

MSC Forms Italian Rail Freight JV With Ferrovie Dello Stato Italiane

MSC Forms Italian Rail Freight JV With Ferrovie Dello Stato Italiane

November 20, 2023
Chinese Shipbuilders See Slowing of Orders Amidst COVID Impact in 2022

Plethora of Newbuildings Contracted Last Week

November 20, 2023
NESRA Sends 15 Vessels Carrying Toxic Materials Back To Countries Of Origin

U.S. Targets Maritime Companies, Vessels For Shipping Oil Above Russian Price Cap

November 20, 2023
Nigeria’s Unsold Crude Glut: What’s Behind It?

Libya Rejects Tanker ‘Proteus Philippa’ Over Israel Linked Cargo

November 20, 2023

Latest News

Auto Draft

Immigration Nabs 5, Warns Commercial Boat Operators Against Human Trafficking

December 2, 2023

Shippers’ Council Drives Efficiency in Cargo Movement, Reinforces Collaboration with Lekki Deep Sea Port

IMO Partners Germany To Boost Maritime Security In West And Central Africa

Nigeria’s Membership Of WTO, Bane To Local Market, Domestic Production – Don

30 Personnel Graduate From UNDP Maritime Security Programme

Troops Destroy 51 Illegal Refining Sites, Recover Stolen Crude Oil – DHQ

Vessels Expected At Lagos Ports At As 1st December, 2023

Vessels Expected At Lagos Ports As At 30th November, 2023

CGC Adeniyi Installs New Customs Companies’ Board Members

Nigeria Customs Service Zone ‘A’ Relocates Headquarters to Ikeja

Arsenio Dominguez Velasco Confirmed As Next IMO Secretary-General

Vessels Expected At Lagos Ports As At 29th November, 2023

kindly like our Facebook page

Health

Frequently Asked Questions About Suicide
Health

Frequently Asked Questions About Suicide

November 7, 2023

Suicide is a major public health concern. When a person dies by suicide, the effects are felt by family, friends,...

Some Facts You Need to Know About Stroke

November 2, 2023
Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

November 2, 2023
Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

October 25, 2023
Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

October 23, 2023
Depression Alerts To Watch Out For By Everyone

Depression Alerts To Watch Out For By Everyone

October 23, 2023
The ‘Ordeal’ Called Fibroid

The ‘Ordeal’ Called Fibroid

October 17, 2023
ABC Of Mental Health?

ABC Of Mental Health?

October 17, 2023
World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

October 17, 2023
The Usefulness In Watermelon Seeds You May Not Know

The Usefulness In Watermelon Seeds You May Not Know

October 9, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition