The Virginia Port Authority (VPA) said a public hearing on the proposals to privatize its terminals will take place at the Nauticus museum in Norfolk on Feb. 4 at 5 p.m.
Both APM Terminals and a group that includes Maher Terminals and JPMorgan IIF Acquisitions LLC have submitted bids to privatize the VPA terminals under the state's Public-Private Transportation Act of 1995.
The VPA’s terminal operating arm, Virginia International Terminals (VIT), has also made a proposal to continue operating the facilities, which include terminals in Hampton Roads, as well as an inland terminal in Front Royal, Va.
Meanwhile, both the Virginia Pilot
and Daily Press
newspapers reported last week the VPA board authorized development of plans to restructure VPA and VIT.
said a resolution adopted by the VPA board said the restructuring “should provide the authority, among other things, greater operational efficiencies, increased oversight and control of port operations, and ability to grow market share while decreasing operational costs.” - Chris Dupin