Port of Virginia Expands Capacity to 2 Million TEU Annually: Invests $83 Million in Upgrades

The Port of Virginia, located on the East Coast of the United States, has announced a significant expansion of its rail terminal’s processing capacity, this is reported by the railway transport news portal Railway Supply.

The port will now be able to handle up to 2 million TEU per year. Norfolk Southern and CSX railroads provide transportation between the port and inland customers using double-stack container trains.

Record Volumes of Marine Container Shipping from China to the U.S. and Europe: Spot Rates at Peak

The $83 million terminal upgrade project, initiated in 2022, is part of the Gateway Investment Program, which has a total value of $1.4 billion.

Of this amount, $40 million was provided through two $20 million grants: one from the federal government and one from the Virginia Department of Rail and Public Transportation.

The funds are being used for the construction of two track groups and the purchase of three electric rail-mounted gantry cranes.

The new equipment and track expansion will increase the port’s rail infrastructure processing capacity by 455,000 TEU annually, representing a 31% increase from current levels.

The Gateway Investment Program also includes the creation of a deep-water channel, development of track infrastructure in the northern part of the NIT terminal, and the construction of a coastal wind power plant in nearby Portsmouth.

Photo: Port of Virginia

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Norfolk Southern Invests $200 Million in Alabama Rail Corridor: Strategic Development of the Port of Mobile