Future
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VPA appears to be making preparations to take advantage of the future traffic potential of marine cargo container traffic in an ever-increasingly global market. The capacity expansion at Norfolk International Terminal, the 20-year lease of the APTM Virginia terminal facilities at Portsmouth and the planning and initial stages of the Craney Island terminal project all are complimentary to what others are doing and how various investments are being made in transportation infrastructure improvements. Other entities doing so include the U.S. federal government, other Virginia agencies, other states and their respective local agencies (i.e. Toledo), corporate entities (notably the two Class 1 railroads and several short line railroads operating in the Hampton Roads region. VPA is even apparently ready to capitalize on developments initiated in other countries, with a particular emphasis on Panama's canal widening project.
Read more about this topic: Virginia Port Authority
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