VPA Investment

The Virginia Port Authority has placed a US$61.5 million contract to double the Norfolk International Terminal’s rail capacity and a second US$18.5 million contract to acquire three new yard gantries. Work is scheduled to be completed in the latter part of 2023. Current annual lift capacity is 350,000 and when complete capacity will be 610,000 lifts/ yr. Rail capacity expansion will coincide with the dredging of the port’s entrance channel.