Global Ports Holding and Baleària Group awarded Valencia concession

Global Ports Holding and Baleària Group awarded Valencia concession

Global Ports Holding

Two new terminals will be built at the port of Valencia as part of the concession agreement

Valencia Port Authority has awarded cruise port operator Global Ports Holding and shipping company Baleària Group with a 35-year concession agreement to build and manage the cruise and ferry port of Valencia with a 15-year extension option.

Baleària will invest up to $37 million to improve the port infrastructure, including the construction of two new terminals and upgrades to ferry piers, car parking and retail areas. The terminals will produce 100 per cent of their electricity from renewable energy sources, with all waste generated being recycled.

Global Ports Holding will operate and manage Valenica Cruise Port throughout the period, with the concession expected to start in the first quarter of 2021.

“We are very grateful to Valencia Port Authority for placing their trust in GPH as the operator of Valencia Cruise Port,” said Emre Sayin, CEO of Global Ports Holding. “The project presented by our partners, Baleària Group, in collaboration with Global Ports Holding, will set a new benchmark for excellence and sustainability in the passenger transport industry. We very much look forward to growing cruise passenger volumes in Valencia in a sustainable and responsible way.

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Alex Smith
By Alex Smith
16 November 2020

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