The Port of Virginia signed a lease to continue operation of Richmond Marine Terminal through 2056 allowing the port to implement a long-term strategy to reinvest in RMT.
In order to modernize the 120-acre barge terminal, a $4.2 million 350-ton crane was installed at RMT, which will speed up the loading and unloading of the container barge.
A new barge was added with 50 percent more capacity to carry containers in a single trip. Rail upgrades, regular dredging, new cargo-moving equipment and other improvements are also scheduled to occur.
RMT is strategically located along the James River and I-95, and connects Richmond and the state to global trade through The Port of Virginia’s container terminals in the Norfolk Harbor.
The Port of Virginia offers direct service to more than 45 counties worldwide. It’s the only U.S. East Coast port with congressional authorization for 55-foot depth channels, and has the ability to be the first and last port of call.
To learn more about Virginia’s port and infrastructure advantages, click here.
New crane at Richmond Marine Terminal during lease signing event in Richmond.