Public hearing tonight on privatizing Va. ports

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Associated Press

Posted on February 4, 2013 at 8:04 PM

Updated Monday, Feb 4 at 8:21 PM

NORFOLK(AP) -- The Virginia Port Authority is holding a public hearing on proposals to privatize some of the port's operations.

The hearing is set for Monday from 5 p.m. to 8 p.m. at Nauticus in downtown Norfolk.

Representatives of APM Terminals Inc. and a group headed by JP Morgan Chase & Co. will speak about their proposals during the hearing.

The Virginian-Pilot reports that the authority also is considering a plan to restructure its relationship with the current operator, Virginia International Terminals Inc.

Gov. McDonnell spokesman Paul Logan told WVEC.com Monday, "The governor's sole goal from this process - regardless of the outcome - is to ensure that our port has the most appropriate operating model and is operating cost effectively and efficiently so that the Port of Virginia can take advantage of its infrastructure and natural assets to grow the Virginia economy and create jobs."

 

Officials say the review process could be concluded by next May.

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