The planned investments in the plan amount to 18.4 million
The Board of Directors of the Castellón Port Authority has agreed to ratify the business plan for 2021, which has revenues of 29.9 million euros, which is 8.7% more than the forecast for the end of 2020, and with expenses of 23 million euros, 1% higher than the forecast for the end of 2020.
It is worth highlighting the savings in financial costs, which will mean one million euros less than budgeted in 2020, as a result of the debt restructuring undertaken this year. This savings in financial costs together with the higher growth in income than in expenses in 2021 will mean a result of the year of 5.9 million compared to the 3.2 million forecast for this year.
The improvement in results will be achieved despite undertaking a notable reduction in rates. Thus, thirteen of the twenty-eight Port Authorities will lower rates in 2021 and Castellón is one of them. In addition, it is noteworthy that PortCastelló will lower the ship rate by 5%, the passenger rate by 10% and the merchandise rate by 9%, being one of the four Spanish ports that lowers the three rates. In fact, only Barcelona and Las Palmas have a discount higher than that of Castellón.
Regarding the investments foreseen in the business plan, they will amount to 18.4 million, the most notable being: 4.1 million in the new liquid bulk dock, 2.2 million in the internal rail connection, one million in the firefighting network, 2.3 million in the railway network of the south dock, its connection and the intermodal station project, 4.2 million in the improvement of the external transversal pier after the deficiencies detected, 870,000 euros in safety, 500,000 euros in environmental sustainability, 200,000 euros in the accessibility plan, 130,000 euros in R & D & i and a wide range of minor works to improve the port’s infrastructures.
The reduction in rates and the notable amount allocated to productive investments are possible thanks to the fact that PortCastelló is the most profitable port in Spain with respect to equity and will improve the competitiveness of PortCastelló, favoring its future growth, also that of the companies that operate in the port, by lowering its logistics costs, and will enable job creation.
Other approved agreements