Case Studies: Valencia Cruise Terminal - Revision history

Nimda at 10:07, 2 April 2015

2015-04-02T10:07:08Z

Benefit at 13:53, 9 February 2015

2015-02-09T13:53:37Z

Nimda at 06:52, 28 May 2013

2013-05-28T06:52:12Z

Nimda at 20:53, 27 May 2013

2013-05-27T20:53:05Z

Nimda at 20:48, 27 May 2013

2013-05-27T20:48:58Z

@@ Line 46: / Line 46: @@
 [[Image:valencia2.png|600px]]
-Figure 2. Evolution of the number of cruise passengers in Valencia
+'''Figure 2. Evolution of the number of cruise passengers in Valencia'''
 Figure 3 displays the traffic forecast of the number of cruise passengers in Valencia for two different scenarios. In the base case, Valencia serves as a home port only for the regional Spanish and European markets, whereas in the high case it attracts longer-distance international calls.
@@ Line 52: / Line 52: @@
 [[Image:valencia3.png|600px]]
-Figure 3. Forecast growth of cruise passengers at Valencia 2000-2040
+'''Figure 3. Forecast growth of cruise passengers at Valencia 2000-2040'''
 After exhaustive analysis and definition of a master plan for the new cruise terminal in Valencia, the final specifications of the project (see figure 4 and also figure 1) include a 1700 metre long berth line with a draught of 14 metres and a surface area of 5.3 hectares. Four additional berthing points will be dedicated to cruise ships calls and a new cruise terminal will be built.
 [[Image:valencia4.png|700px]]
-Figure 4. Proposed cruise terminal layout
+'''Figure 4. Proposed cruise terminal layout'''
 The cruise terminal at Valencia will operate in a competitive environment. There are several other main and secondary ports competing with Valencia in Spain and this competition is influencing its opportunities both as a home port and as a port of call. The main competitor for home port operations is Barcelona, this port being complementary to Valencia as a port of call (given the distance between both ports and vessel speeds in Western Mediterranean itineraries). Other competing ports are Palma, Malaga and Ibiza for home port calls, and Alicante, Cartagena, Almería and Castellón as ports of call within the same itinerary. Each of the ports has specific characteristics that makes it an attractive destination for different cruise lines, depending on market segment, itinerary and cruise brand.
@@ Line 166: / Line 167: @@
 [[Image:valencia5.png]]
-Figure 5.  Risk allocation
+'''Figure 5.  Risk allocation'''
 A large part of the construction risk is assumed by the public authority, which is in charge of building the new breakwaters, docks, berths and accesses to the new terminal. The private operator assumes the construction risk of the terminal building. Financial risk will be linked to the amounts invested by each party.  Regulatory risk affects both the private operator and the port authority as the port authority is highly unlikely to change the concession contract after its signature, so the only risk would be a change in national port regulations that would affect both parties.

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 ==References==
 *Bermello Ajamil & Partners, Inc. Plan Maestro de Instalaciones de Cruceros. Puerto de Valencia. September 2012.
 *Cruise Industry News. 2012 State of the Industry Report.

← Older revision		Revision as of 06:52, 28 May 2013
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	*Spanish Law 48/2003, of November 27, on Economic System and Services for General-Interest Ports		*Spanish Law 48/2003, of November 27, on Economic System and Services for General-Interest Ports
	*Spanish Law 33/2010 amending Law 48/2003, on Economic Regime and Service Provision in General Interest Ports		*Spanish Law 33/2010 amending Law 48/2003, on Economic Regime and Service Provision in General Interest Ports
		+	[[Category:Case Studies]]

← Older revision		Revision as of 20:53, 27 May 2013
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		+	{{Infobox
		+	\|header1 = Valencia Cruise Terminal, Spain
		+	\|header2 =
		+	\|label2 = Project Type:
		+	\|data2 = Both
		+	\|header3 =
		+	\|label3 = Contract duration:
		+	\|data3 = 25 Years (estimated)
		+	\|header4 =
		+	\|label4 = Budget:
		+	\|data4 = EUR 59.6 M (Public sector investment is EUR 33.2M, and private sector investment EUR 26.4M.)
		+	\|title = Project Overview
		+	\|image = [[Image:valencia1.png\|300px]]
		+	\|caption = Figure 1: Impression of Valencia Cruise Terminal
		+	\| header5 = Project Time Line
		+	{{Infobox
		+	\| child = yes
		+	\| label1= Project conceived:
		+	\| data1 = 2007;
		+	\| label2= Start of construction:
		+	\| data2 = 2009;
		+	\| label3= Tender for PPP:
		+	\| data3 = 2013;
		+	}}
		+	}}
		+
	==Introduction==		==Introduction==
	The port is one of Valencia’s most important institutions for both the city and the region. Historically, port activities have been responsible for the economic growth of the region through trade exchanges, passenger movements and maritime services from which the modern city of Valencia has developed. Through the years, the Port of Valencia has grown and changed. The port has grown towards the sea creating breakwaters and other protection works making possible the construction of new basins. At the same time, some already-existing inner basins have been reshaped for urban related activities such as yacht clubs or the premises hosting international competitions like the 32nd America’s Cup or the Formula 1 Valencia Street Circuit.		The port is one of Valencia’s most important institutions for both the city and the region. Historically, port activities have been responsible for the economic growth of the region through trade exchanges, passenger movements and maritime services from which the modern city of Valencia has developed. Through the years, the Port of Valencia has grown and changed. The port has grown towards the sea creating breakwaters and other protection works making possible the construction of new basins. At the same time, some already-existing inner basins have been reshaped for urban related activities such as yacht clubs or the premises hosting international competitions like the 32nd America’s Cup or the Formula 1 Valencia Street Circuit.

@@ Line 18: / Line 18: @@
 Given the traffic forecasts, the number of berthing points needed in 2027 would range from 4 in the low case scenario (organic growth) to 7 in the most optimistic scenario (Valencia as home port for the international market).
-[[Image:valencia2.png]]
+[[Image:valencia2.png|600px]]
 Figure 2. Evolution of the number of cruise passengers in Valencia
@@ Line 24: / Line 24: @@
 Figure 3 displays the traffic forecast of the number of cruise passengers in Valencia for two different scenarios. In the base case, Valencia serves as a home port only for the regional Spanish and European markets, whereas in the high case it attracts longer-distance international calls.
-[[Image:valencia3.png]]
+[[Image:valencia3.png|600px]]
 Figure 3. Forecast growth of cruise passengers at Valencia 2000-2040
 After exhaustive analysis and definition of a master plan for the new cruise terminal in Valencia, the final specifications of the project (see figure 4 and also figure 1) include a 1700 metre long berth line with a draught of 14 metres and a surface area of 5.3 hectares. Four additional berthing points will be dedicated to cruise ships calls and a new cruise terminal will be built.
-[[Image:valencia4.png]]
+[[Image:valencia4.png|700px]]
 Figure 4. Proposed cruise terminal layout