MSC will invest 1,011 million in the expansion of the Port of Valencia

The container terminal manager controlled by the leading shipping company in Valenciaport wants to have the facility operational by 2026.

MSC will invest 1,011 million in the expansion of the Port of Valencia

Terminal Investmens Ltd (TIL), a company owned by the Mediterranean Shipping Company (MSC), plans to invest up to 1,011 million eurosto build and operate the entire fourth container terminal in the Port of València.

TIL’s offer is the only one presented to date, in which the València Port Authority (APV) has opened this proposal presented by the shipping company chaired by Francisco Lorente in Spain. From this moment, according to sources from the APV, a Valenciaport technical commission will prepare a report after examining the offer. This company ensures that the new terminal could be operational in 2026.

The offer of the terminal manager TIL far exceeds the investment expectations of the Port of València to build this terminal, which initially stood at 1,200 million, including public investment (unods 400 million). It will have a capacity to handle up to 5 million containers.

A group present in 7 major ports in the world

TiL, which together with MSC is headquartered in Switzerland, is one of the largest and most geographically diverse container terminal investors in the world.

It accounts for 34 million container loading and unloading movements per year for MSC and other transport lines in 29 countries on five continents. It is present in 7 of the 25 busiest ports in the world: Antwerp, Singapore, Long Beach, Ningbo, Newark, Bremerhaven and Rotterdam. In Spain. The company is present in the terminals of the ports of Valencia and Las Palmas.