The Port of Virginia is moving forward on nearly $1.5 billion worth of infrastructure investments that are shaping this port into one of the premiere complexes of deep-water and inland terminals anywhere in the Western Hemisphere.
The money is being strategically invested over the course of a decade (2015-2025) on land- and water-side infrastructure projects that are designed to handle an increasing amount of export and import cargo. In the first half of FY20, we handled 1.48 million TEUs and volumes were on pace for another record-setting fiscal year when the pandemic hit.
Though the pandemic hit our cargo volumes hard, we never lost sight of our goal: building the most modern port capable of handling a diverse mix or cargoes that is served by the U.S. East Coast’s deepest shipping channels. Work on several strategic initiatives – the expansion of NIT’s south-side container stack yard and the channel deepening and widening project – continued uninterrupted throughout the pandemic.