· The terminal’s capacity will be increased by 30% to meet the projected demand over the next 15 years.
The Investment Plan presented by the company is a firm commitment to Valencia, as a strategic port for international maritime traffic and a boost to overcome the Covid-19 crisis.
Valencia, June 1, 2020
CSP Spain plans to invest over 62€ million in the Port of Valencia over the next three years. The company is thus reinforcing its commitment to the port, improving the services and capacity of its facilities and increasing its competitiveness.
The Investment Plan that CSP Spain plans to undertake in the three-year period 2020-2022 in the port of Valencia includes actions in facilities such as:
- Two new quayside cranes, numbers 21 and 22, of the “MalaccaMax” type, will be added to the 20 already in operation. Together with the three MalaccaMax cranes already functioning at the quay, they will be capable of handling the largest vessels on the market, the Megamax ships, with a capacity of over 20,000 TEUs. This addition will enable the terminal to offer, within its total 2,310 meters of berthing space, a special 500-meter berth for ships with a draft of 16 meters and five cranes dedicated to the largest container ships in service.
- 14 new RTGs (wheeled trastainer cranes): The aim of this addition is to improve the terminal’s receiving and delivery capacity for import and export cargo. The terminal has a yard area of 145 hectares, thanks to the 15-hectare expansion that came into effect last December.
- New TOS (Terminal Operating System): We have opted to install the latest version of NAVIS_N4 as our new IT system for managing operations. It is the most modern system on the market, which will enable improved customer service and increased operational capacity.
- In addition to all these acquisitions, more container handling equipment has been purchased.
These investments, along with the more than €100 million invested in the last five years, will allow CSP Spain’s terminal in Valencia to increase its capacity by 30% to 5 million TEUs. The estimated traffic volume for CSP Iberian Valencia Terminal in 2020 is 2.5 million TEUs, meaning that 2.5 million TEUs of free capacity will be available. This space will ensure that the port can meet its projected demand for the next 15 years, sustainably increasing container traffic capacity and improving the port’s competitiveness through the modernization and upgrading of existing facilities.
The realization of these investments will provide a significant boost to the Port of Valencia, enabling it to become a key tool in overcoming the Covid-19 crisis in Spain. This investment aims to stimulate the sector, since, as Francisco Toledo, President of State Ports, stated in his latest online address, ports are not merely gateways, but rather logistics hubs and vital links in the logistics chain.
This Investment Plan, which CSP Spain has already submitted to the Port Authority of Valencia, demonstrates the firm commitment of its shareholders to Valencia as a strategic port for international trade. Thus, in addition to the investments already contracted and planned, there are the more than €15.5 million that CSP Iberian Valencia Terminal invested during 2019. This investment includes the significant effort undertaken to expand the terminal’s yard area, which now covers 145 operational hectares.
CSP Spain, present in Spain since 1973, belongs to the CSPL Group, the world’s largest port operator. This business group has more than 46 container terminals worldwide and handles over 90 million TEUs globally.
