Wider, Deeper, Safer Effort Clears Critical Milestone; Project Holds Value for the Nation’s Economy, Review Says

January 26, 2018

Contact: Joseph D. Harris Spokesman
(757) 683-2137 / Office
(757) 675-8087 / Cell
jharris@portofvirginia.com

Wider, Deeper, Safer Effort Clears Critical Milestone; Project Holds Value for the Nation’s Economy, Review Says
Project Moves Forward to a Final Review in June

NORFOLK, VA – The effort to make the Norfolk Harbor wider, deeper and safer took a significant step
forward today as the plan outlining the project’s national economic benefits was approved by U.S.
Army Corps of Engineers to take its next step forward.

“This is an infrastructure project that holds value for Virginia, the national economy and national
defense,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “The
long-term economic benefits of this project include job creation, economic investment and the
efficient flow of goods to Virginians, to multiple markets in the Mid-Atlantic and into the
nation’s Heartland. Additionally, there are benefits to the U.S. Navy and all the users of the
harbor.”

On Friday, the Army Corps’ leadership in Washington, D.C., accepted the wider, deeper, safer
effort’s National Economic Development benefit (NED) plan, which estimates the value to
the nation of large civil works programs that will be funded, in part, by the federal
government. The value of these programs is expressed in terms of each program’s contributions to
NED benefits and revenues to the federal government.

“This positive outcome is the result of collaboration within our agency, with The Port of Virginia,
and the many stakeholders that rely on this critical infrastructure,” said Col. Colonel Jason E.
Kelly, commander, Norfolk District, U.S. Army Corps of Engineers. “Today’s event is a great example
of Army Corps process evolution. This project will greatly impact existing inefficiencies in a
positive way.”

Today’s decision allows the wider, deeper, safer project to move forward to its final review by the
Army Corps in June. In anticipation of a positive outcome of that review, $20 million has been
included in the pending state budget to immediately begin preliminary engineering and design work
on the project.

In June 2015, the port and the Army Corps’ Norfolk District office began collaborating on the
wider, deeper, safer effort to prepare the port for the next generation of container vessels. The
port’s channels and harbor are already 50 feet deep and the largest container ships in the Atlantic
trade are calling Virginia. Deepening to 55 feet and widening the channel to 1,300 feet will allow
for the big ships to load to their limit and make way for two-ship traffic.

“When one of the big vessels passes through the harbor today, there is a temporary closure of the
channel to all other commercial ship traffic,” Reinhart said. “Widening the channel allows for
two-way traffic, increases the pace of commerce and makes way for the expeditious movement of Navy
vessels in a time of need.

“We are grateful for the careful consideration given to the project and the ongoing work of the
Norfolk District of the U.S. Army Corps of Engineers, our partner in this effort. It
is also important to thank Virginia’s Congressional delegation that are supporting our
vision.”

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The Virginia Port Authority (VPA) is a political subdivision of the Commonwealth of Virginia. The
VPA owns and through its private operating subsidiary, Virginia International Terminals, LLC (VIT),
operates four general cargo facilities Norfolk International Terminals, Portsmouth Marine Terminal,
Newport News Marine Terminal and the Virginia Inland Port in Warren County. The VPA leases Virginia  International Gateway and Richmond Marine Terminal. In fiscal year 2013, The Port of Virginia provided more than 530,000 jobs and generated $88.4 billion in total economic impact throughout the Commonwealth.