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Richmond Marine Terminal Debuts New Mobile Harbor Crane

[ February 3, 2016   //   ]

Leaders from the City of Richmond and The Port of Virginia have signed a lease that enables the port to continue to its investment in and operation of Richmond Marine Terminal (RMT) through 2056. A new mobile harbor crane, the port’s most recent investment, was also unveiled at the event.

The 40-year lease, which Richmond City Council adopted last fall, cleared the way for the port to implement its strategy to reinvest in RMT, which is strategically located along the James River and I-95, and continue to recapture its potential. Moreover, the $4.2 million 350-ton crane is one of the first steps in the port’s effort to reinvest and modernize the 121-acre barge terminal. The crane will speed the loading and unloading of the container barge that calls RMT three times a week; the barge links RMT with The Port of Virginia’s container terminals in the Norfolk Harbor.

The crane was purchased with a grant from the federal government. Critical to the success of the grant was the Richmond Transportation Planning Organization (TPO), which supported the application and was the port’s partner through the entire process.

“What truly cleared the way for the purchase of this crane was the work of the TPO and the City of Richmond’s ability to take a long-term view, so that we can redevelop the facility, create efficiency in the cargo operation and continue to market this facility to the world’s ocean carriers, beneficial cargo owners,” said John F. Reinhart, the CEO and executive director of the Virginia Port Authority. “That lease term allows us to begin implementing a long-term strategic plan for RMT that includes reinvesting in the terminal, collaborating with the city on marketing the facility and positioning RMT so that it becomes a catalyst for job creation, investment and economic development in the Greater Richmond area.”

Though the lease and crane were the focal points of the ceremony, the port also announced another significant investment on hand: a new barge with 50% more capacity to carry containers in a single trip.

Richmond Marine Lease Signing

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