The Bilbao Port Authority is making significant strides towards its 2023-2026 Strategy Plan, marking notable progress at the halfway point. Developed in collaboration with over 70 industry stakeholders, the plan sets out ambitious objectives across environmental sustainability, economic growth, and talent development.
A key pillar of the Port’s strategy is sustainability, where Bilbao has established itself as an environmental benchmark. In 2024 alone, the Port Authority initiated the first phase of its dock electrification project, backed by a 4.3 million euro grant from the Recovery and Resilience Facility. The second phase, valued at 55.4 million euros, is now in the tendering process, with completion expected in 2027. This initiative aligns with broader goals of reducing emissions, cutting the Port’s carbon footprint by 27%, and improving air quality. Renewable energy sources, including solar PV projects, are also being integrated into operations.
On the business front, the Port of Bilbao saw an increase in cargo throughput, handling 34.4 million tonnes in 2024—a 5% growth compared to the previous year, outpacing the 2.7% average growth of Spain’s 48 general-interest ports. This strong performance underscores Bilbao’s role as a competitive hub for regional and international trade.
Infrastructure expansion remains a priority, with land occupancy at 92% by the end of 2024 and rising to 97% in 2025, necessitating additional capacity. The second phase of the Central Breakwater project, a 55.14 million euro investment, is now underway. Expected to be operational by 2027, this expansion will introduce 1,011 meters of new mooring space and 310,000 square meters of additional surface area. The construction approach also emphasizes sustainability, incorporating dredged material and surplus construction waste in a nod to circular economy principles.
Beyond physical infrastructure, the Port Authority continues to enhance its service offerings through digitalization and intermodal connectivity. Ongoing projects aim to streamline logistics processes, improve operational efficiency, and provide high-value services to clients.
The organization’s commitment to workforce development and talent acquisition is evident in cross-functional training initiatives and engagement with academic institutions. Emphasis on digital skills, energy transition knowledge, and project-based methodologies aligns with the Port’s evolving needs.
Financially, Bilbao Port Authority remains on solid footing. Revenue for 2024 reached 76.7 million euros, reflecting an 11.6% increase from 2023. EBITDA stood at 37.4 million euros, while an 80-million-euro loan from the European Investment Bank provides funding for ongoing infrastructure projects. The Port Authority’s financial stability ensures continued investment in modernization efforts to support long-term growth.
