Yesterday the Authority's board of directors Port of Valencia has approved the extension for a further eight years of the duration of the concession contract with APM Terminals for the container terminal at Muelle de Levante, whose has been extended to 2049, the year in which it will be reached the maximum duration of 50 years of the permitted concession Spanish legislation. The new agreement provides for a investment of 10.4 million euros by the company terminal operator for the installation of a cold ironing system for allow ships at berth to turn off their engines on board and to connect to the shore power supply. In addition, works for the extension of the quays to allow the arrival of large container racks with a length of about 400 meters and with a draft of 16.5 meters.