Virginia’s Gov. Bob McDonnell has reviewed and accepted the Virginia Port Authority board of commissioner’s decision to terminate the evaluation of the Public-Private Transportation Act proposals submitted by APM Terminals and Virginia Port Partners.
More than a year ago, the port received PPTA proposals from APM and Virginia Port Partners to operate the port. VPA also asked its current operator, Virginia International Terminals, to submit its own proposal to continue operating the port. After evaluating the proposals, the board has determined that selecting a restricted and improved VIT with new management is the best option.
The board recommended moving forward with a corporate restructuring of the VIT and Virginia Port Authority relationship, immediately commencing a global search for a permanent executive director and senior staff, terminating the PPTA proposal evaluation process and developing a long-term strategic plan for addressing the broader non-operational challenges facing the port.