Its ambition is to establish itself as the third busiest port in Europe by overtaking Algeciras, Bremen and Hamburg.
The plans for the new container terminal are designed to help it service the largest ships in the world, which can carry 24,000 TEU, as well as position it to utilize automated technology in the future.
It will also lay connecting roads and railways between the site and the general port network. It will then grant the quay as a concession on either a 35 or 50 year deal, on either a partial or full occupancy basis.
In setting out its plans for potential tenderers, the port says the new terminal must be equipped “the latest technology”.
In its statement on the new container terminal plans, PAV said: “The new container terminal has been conceived by PAV to exploit the strengths of Valencia as an import/export and transit port with a capacity of around 5 million TEUs, complementing the existing terminals' capacity to accommodate the expected container traffic at the port of Valencia by 2050”.