This strategic partnership with Grup Maritim TCB marks Mitsubishi Corporation's first full-scale entry into the container terminal business.Mitsubishi Corporation said the acquisition also responds to the Japanese government's strategy to promote the export of infrastructure-related industries and systems. Mitsubishi Corporation believes this partnership will further develop its infrastructure business globally, including the operation of container terminals, particularly in emerging countries in Asia, Africa and Latin America.Serving as the main port for Spain's hinterland and principal economic corridor, including the inland capital, Madrid, Valencia covers a population of approximately 13 million. The Port of Valencia also functions as a transshipment hub for neighboring countries in the Mediterranean and northwestern Europe, making it the largest container port in the Mediterranean. In addition, more than a half of Valencia's average annual growth in container volumes (13% over the past two decades) can be accredited to cargo traffic between Valencia and ports in Asia.