Tuesday, August 14, 2012

More proposals to operate Virginia’s terminals are filed

Three more proposals have reportedly been submitted to Virginia’s Department of Transportation to operate the Virginia Port Authority’s container terminals on the heels of APM Terminals’ unsolicited proposal to do so earlier this year.

The deadline for submissions was Monday, and two of the bidding parties have not been named, while the current, longtime operator, Virginia International Terminals Inc also submitted a bid.

APM’s proposal, filed in April, called for a 48-year deal that could be worth up to $4 billion.

Transportation Secretary Sean Connaughton said due diligence on the proposals would be performed and something could be announced by August 22 after a closed session debrief with the Virginia Port Authority’s board members.

For the full Virginian-Pilot story: hamptonroads.com

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