“Money, money, money ... muh-ney!”
The board of the Virginia Port Authority spent a good chunk of its meeting on Tuesday OK’ing or formally acknowledging the expenditure of tens of millions of dollars to continue investing in port expansion projects as well as to sandbag it in the event of any rainy days.
First up was an announcement that the port had signed a deal worth roughly $162 million with contractor Allan Myers to begin the civil-works projects at Norfolk International Terminals.
It’s part of the $350 million expansion of the port’s biggest container terminal, funded through a state-backed bond deal approved by the General Assembly last year.
