Full closure and commencement of the agreement is expected in Q1 next year, which will begin a two-year investment phase.
Agreement and investment
GPH will operate and manage Valencia Cruise Port throughout the period of the concession, while Baleària will invest up to $37m into the port infrastructure, to include two new smart terminals, ferry piers, car parking and retail, and F&B areas.
Emre Sayin, ceo, Global Ports Holding, commented that the project ‘will set a new benchmark for excellence and sustainability in the passenger transport industry.’ Port terminals will produce 100% of electricity from their own renewable energy sources (photovoltaic, wind, renewable hydrogen and biofuel), with all generated waste being recycled.
Strengthening presence in Western Mediterannean
‘Valencia Cruise Port is an important addition to our cruise port network, further strengthening our presence and capabilities in Iberia and the West Med’, added Sayin. ‘We very much look forward to growing cruise passenger volumes in Valencia in a sustainable and responsible way.”
Last year the Port of Valencia received 203 cruise calls and 435,00 cruise passengers, and pre-COVID-19 was forecast to receive over 500,000 passengers this year.