News / MSC proposes €1bn investment in Valencia's planned fourth box terminal

MSC’s terminal operating arm Terminal Investments Ltd (TIL) is set to plough more than €1bn into a new box facility at its west Mediterranean hub of Valencia.

Late last week the port authority of Valencia made public MSC’s bid to operate the port’s fourth container terminal – the sole bid that the port received for the project.

It said MSC had pledged to invest a total of €1.01bn in the project, which will be constructed in three phases, with the first taking ...