VPA 2040 Master Plan Executive Summary - The Port of Virginia

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Final Draft December 2008 Virginia Port Authority 2040 MASTER PLAN on line around 2020 to meet the higher end of demand expectations. If it is not opened the Port of Virginia will lose demand to other ports which will be difficult to retrieve in the future. Moffatt & Nichol EX-26
Final Draft December 2008 Virginia Port Authority 2040 MASTER PLAN Existing Facilities & Conditions VPA owns one of the most successful networks of cargo handling marine terminals in the United States. VPA develops, maintains, and through its affiliate VIT, operates container and break bulk cargo facilities. This unique structure and business model, as more than a traditional landlord terminal owner seen at most U.S. ports, provides VPA with the ability to shift customers between berths and terminals as required. This allows the full capabilities of the terminals to be leveraged and customers to be served. VPA terminals have the capability to handle many different types of cargo including containers, break bulk and project cargo, and roll-on-roll-off (Ro/Ro) cargo such as automobiles. The master plan primarily focuses on containerized cargo, which is the largest percentage of VPA cargo volumes, generates the highest revenues and retained earnings for reinvestment, and is the cargo type that is generating growth in demand for most U.S. ports. Operations: As import cargo arrives and must be moved to its inland destinations and export cargo comes to the terminals to meet vessel sailing schedules, terminal operations are essentially divided into the following segments; • The berths where quay cranes load and unload the vessels calling on VPA terminals. • Container yards where straddle carriers move containers for temporary storage until they need to be transferred to a truck, train or vessel. • Live gates where trucks entering and leaving the terminals have their security clearance and validity to bring or take cargo checked. • On-dock rail where trains are loaded with import cargo or unloaded with export cargo. VPA terminal gates mostly operate between the hours of 6:00 AM and 5:00 PM Monday through Thursday and 6:00 PM on Friday except scheduled holidays. There are occasions for abbreviated Saturday hours to address busy seasons and road congestion occurring outside of the terminals. VPA Terminals VPA currently owns three marine terminals and one inland intermodal facility as described below. Moffatt & Nichol EX-27
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VPA 2040 Master Plan Executive Summary - The Port of Virginia

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