NORFOLK, Virginia — Virginia port officials are getting ready to ask state lawmakers to sign off on $350 million for a project designed to allow one of its terminals to handle more cargo.
It's among several efforts to boost capacity at the port, which officials say is vital for Virginia to maintain its competitive edge when massive cargo ships begin passing through the newly expanded Panama Canal after it's completed next year.
The $350 million is thought to be the biggest one-time request ever made by the port and will be part of a larger infrastructure funding plan from Gov. Terry McAuliffe.
Del. Chris Jones, chairman of the House Appropriations Committee, said he's receptive to the idea but still needs to determine what the return on investment will be for the state.