The Port Authority of Valencia (PAV) has said Spain’s Ministry of Transport, Mobility and Urban Agenda has formalised contracts for a €3.3 million ($3.93 million) of work to begin on the Logistics Activities Zone (ZAL) to improve the flow of trade.
In a statement, the PAV said work will begin in July 2021 and last for approximately 10 months and will help drive the city’s development.
The area on which the ZAL has been developed has a surface area of 72 hectares, of which 683,232 m² belong to the ZAL itself and the rest is destined for the railway accesses to the port of Valencia.
The objective of the development of the ZAL is to boost the activity of the port of Valencia, through the installation of service providers and logistics activities in its immediate surroundings, thus promoting the economic activity of the City of Valencia and, through its influence, that of the whole of the Valencian Community.
Additionally, the Valencia Intermodal and Logistics Platform (VPI Logística) has approved the award of four blocks or plots in the Logistics Activities Zone (ZAL) to the companies Grupo Raminatrans, QA Pimba, MSC and Medlog Iberia, firms which submitted their bids and opted for the right of superficies to develop their business projects in the facilities of the logistics platform.
The awarding of the contract to VPI Logística (a company in which the Port Authority of Valencia holds 98.4% of the capital) is conditional on the completion of the works and the reception of the conditioning of the land by the Valencia City Council.