NORFOLK, Va. (AP) — Virginia International Terminals Inc. defended its record as the operator for the Virginia Port Authority on Thursday, saying its past success is irrefutable.
The authority held a public hearing Thursday to discuss proposals to privatize much of the Port of Virginia’s operations. Three companies have submitted proposals to the state to run its terminals for the next 48 to 50 years with the potential revenue for the state estimated to be more than $3 billion.
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