The Virginia Port Authority (VPA) announced that work is now underway at Virginia International Gateway (VIG) on a $320 million expansion project that will nearly double the terminal’s annual cargo handling capability.
The project is the first of two large-scale expansion projects that, when complete, will increase the port’s overall annual container capacity by 40 percent, or 1 million container units, by 2020.
Survey crews began the preparatory work to expand the rail/container stacking yard at VIG. From a wider perspective, the work signals the start of the effort to double the existing container capacity at VIG. The overall project includes expanding the container stacking yard, doubling the on-dock rail operation and the expanding the truck gate.
The wharf work will create new berth space, which will be used to handle a larger class of container ship that will begin crisscrossing the Atlantic Ocean before year’s end. A longer wharf will make way for four new Suezclass container cranes that will handle the big ships and their cargo loads. The wharf project begins March 15 and is scheduled for completion in the winter of 2018.
When complete, the capacity expansion at VIG will create the ability to process 1.2 million containers annually at the terminal; present capacity there is 650,000 containers. Further, the expansion’s potential economic impact could result in 166,000 jobs across the Commonwealth, $22 billion in additional spending and more than $636 million in state and local taxes.
Source: VPA< Return