Port receives $456K MARAD grant to expand cargo handling capabilities at Richmond Marine Terminal

Date: Tuesday, August 14th, 2018
Source: AJOT

NORFOLK, VA – The Port of Virginia will be receiving a $456,000 grant from the federal government’s Marine Highway Program to enhance cargo operations at Richmond Marine Terminal (RMT) and support growing cargo volumes on the port’s regular barge service to that terminal.

Earlier this week the U.S. Department of Transportation announced $4.8 million in grants to six Marine Highway projects. The funding, provided by the Maritime Administration (MARAD), supports the expanded use of navigable inland waterways to relieve landside congestion, provide new transportation options and generate other public benefits by increasing the efficiency of the surface transportation system. The program works with public and private stakeholders to achieve these goals.

The federal grant, along with $114,000 in matching funds from the port, will be used to purchase a top-loader, which is a piece of cargo conveyance equipment that moves containers on-and-off of the chassis used by motor carriers.

“This grant allows us to continue to invest in RMT and grow business on the Richmond Express barge service,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “Every piece of equipment we add to RMT helps to build efficiency in the cargo handling operation and speeds the flow of commerce. This top-loader will help us load trucks faster, meaning trucks get on the road quicker resulting in the rapid delivery 600 World Trade Center I Norfolk, VA 23510 I ph (757) 683 8000 I toll-free (800) 446-8098 I portofvirginia.com

of goods. We are grateful to MARAD and to Virginia’s Congressional delegation for supporting this application and The Port of Virginia.”

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