The amount of money approved Tuesday for Virginia Port Authority capital-budget projects is so big – nearly $739 million – that its top executive all but called for a moment of silence to let the importance of the occasion sink in.
“I just think we need to take a pause for a minute and recognize the historical significance of this capital plan,” said John Reinhart, executive director and CEO of the Virginia Port Authority, before its board approved fiscal year 2017 budgets for the authority and Virginia International Terminals, its operations arm.
“Without question, this is the largest capital investment in the history of the port,” added John Milliken, the chairman of the authority’s board. “We know we’ve got to grow and this is the means by which we intend to do it – a pretty clear message.”
