Valencia Port Authority (PAV) has announced plans for the construction of a new container terminal in the northern expansion by 2030 that will double the economic activity of the port, according to Aurelio Martinez, PAV president.
“The new container terminal to be located in the northern expansion will double the economic activity of the Port of Valencia, generating up to 80,000 jobs (twice as many as today) and a gross added value of close to 6,000 million euros (three times more than at present)”, said Aurelio Martínez, President of the Valencia Port Authority.
During his speech, Aurelio Martínez indicated that by 2030 with the terminal in operation “more than 44,000 new jobs will have been created, doubling the current number of jobs -direct, indirect and induced- that the port currently generates, doubling to 80,000 jobs”. The president of the PAV has highlighted the importance of this infrastructure, so, in addition to jobs, the North Terminal will allow the Port of Valencia to generate close to 6,000 million euros in gross added value, strengthening its position as one of the driving forces behind the generation of wealth in the Valencia Region.
The Northern expansion of the Port of Valencia has a public-private investment of 1,400 million, a volume of investment that exceeds that executed in 2017 by the Generalitat Valenciana, which was close to 800 million, or the investment of the General State Budget of 2019 in the Comunitat Valenciana which amounted to 1,200 million euros.