The Port Authority of Valencia’s board of directors has given its approval for the construction of a new container quay terminal.
This will be the fourth container terminal at Spain’s Port of Valencia.
The construction of the €1.56bn ($1.65bn) terminal will see investment from both public and private entities.
More than €542.7m ($573.6m) of public investment will come from Valenciaport and is in the process of being drafted. Tenders will be called once this is complete.
Along with this amount,...