Projects part of a long-term strategy for the Port of Virginia.
The Port of Virginia is more than halfway through the massive $1.4 billion Gateway Investment Program (GIP), and its goal of becoming the most efficient port on the East Coast is within reach.
Earlier this year, the Port announced the completion of the $450 million Norfolk Harbor deepening and widening; it joins the $83 million expansion of its Central Rail Yard and a $220 million Portsmouth Marine Terminal heavy lift/project cargo conversion. A $650 million modernization of the North Berth is not far behind.
When finished in 2027, the GIP will increase the Port’s total TEU capacity to 5.8 million…