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MSC to spend EUR 1 billion expanding key Spanish port

Port stakeholders stand to face more competition in one of the Mediterranean's main hubs. MSC wants to expand its core port, Valencia, with EUR 1 billion.

Photo: Ritzau Scanpix/AP/Philip Fong

MSC's terminal operator – Terminal Investments Ltd. – is ready to lay EUR 1 billion on the table in a bid to expand its container terminal in the northern section of the Port Of Valencia, authorities from the company's key Spanish port inform on their website.

The bid is now pending approval of port authorities, but if accepted, it will become the large Spanish port's fourth container terminal, adjacent to facilities operated by, for instance, APM Terminals. MSC is also already present in the port.

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