APV investment plan…

News-in-print

Spain’s Valencia Port Authority (APV) is set to invest €55.19M in its three ports (Valencia, Sagunto and Gandia) this year, and is looking to invest a further €177M in continuing infrastructure improvements during 2018-2020.

In Valencia, the business plan for 2017 sets aside more than €25M for new berths and backlands, as well as €18.5M to dredge the Príncipe Felipe and Levante docks down to 18m, to accommodate the biggest ULCVs, and €3.9M to repave the old bulk terminal. Around €5M has been earmarked for improvements to road and rail access.

In Sagunto, €6.3M will be spent this year – on paving, a new dry cargo warehouse, new offices for APV staff, as well as the first stage of a new border inspection post. Up to 2020, APV wants to invest almost €30M to improve rail access to the port. Finally, the 2017 plan commits €1.9M for various improvements at the port of Gandia.

At the national level, Spain’s minister of development, Íñigo de la Serna, has done a U-turn on earlier plans to (part) privatise Puertos del Estado and the national air traffic controller, Aena. He has not only ruled out privatisation, but announced a “ring-fenced” investment budget for Puertos del Estado ports of €1.418B for the period 2017-21, split between port infrastructure development and improvements (€514M ) and port connectivity to the hinterland (€904M).

 

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This complete item is approximately 300 words in length, and appeared in the January 2017 issue of WorldCargo News, on page 9. To access this issue download the PDF here.

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APV investment plan… ‣ WorldCargo News

APV investment plan…

News-in-print

Spain’s Valencia Port Authority (APV) is set to invest €55.19M in its three ports (Valencia, Sagunto and Gandia) this year, and is looking to invest a further €177M in continuing infrastructure improvements during 2018-2020.

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