The Port Authority of Valencia in Spain and local ferry operator Balearia will invest approximately €99 million (US$102 million) for the construction of a new passenger terminal at the Port of Valencia.
The facility will be located between the Muelle de Poniente and the Muelle Perfecto Palacio and will have a total surface area of approximately 100,000 square metres. It will be built on land that was formerly occupied by the Union Naval Valencia shipyard.
The concession to Balearia will be for a period of 35 years, extendable up to a maximum of 50 years.
The new terminal will be capable of handling regular passenger and freight traffic with the Balearic Islands and international traffic as well as cruise ship passengers.
Four berths will be built. One berth will be able to accommodate ships measuring up to 360 metres long and one will be for ships of up to 250 metres long.
A 215-metre central jetty will be built for the berthing of ferries.
The berths will be also fitted with shore power connections.