The port is one of the most powerful economic engines in the Commonwealth that also plays an integral role in American commerce and trade.” “The Norfolk Harbor deepening and widening project will enable safe, two-way traffic in and out of Norfolk Harbor that will support increased commercial activity at The Port of Virginia. “I am thrilled to see the Bipartisan Infrastructure Law continuing to deliver wins for Virginia,” said U.S. Army Corps of Engineers and the Virginia Maritime Association. “The container ships must have deep water to safely operate and two-way movement of big ships, unrestricted by tide or channel width, is a significant long-term competitive advantage that adds capacity for Virginia.”Įdwards said the success of the project has been driven by the long-term support it has received from Virginia’s Congressional delegation, the Virginia Legislature, the Norfolk District of U.S. ![]() Edwards, CEO and executive director of the Virginia Port Authority. “This project, combined with the investments we are making at our terminals, tells the supply chain that The Port of Virginia is preparing for the future,” said Stephen A. The estimated cost of the project is $450 million. Army Corps of Engineers began evaluating the economic value of a deeper and wider Norfolk Harbor and commercial shipping channel. The federal government and the port agreed to a 50-50 cost share of the project at its outset in 2015 when the U.S. ![]() Army Corps of Engineers, allocates funding from the Infrastructure Investment and Jobs Act (also known as the Bipartisan Infrastructure Law) and contains $72 million for the dredging project. The work plan, released last week by the U.S. The recently approved federal work plan contains the final piece of funding for The Port of Virginia’s dredging project that will create the deepest and widest shipping channels on the U.S.
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