Virginia budget includes $50 million for Hampton Roads projects
The Virginia Port Authority said its proposed transportation budget for the state in 2007 includes $50 million for 'critical components in the ongoing growth of the Port of Virginia: the Commonwealth Railway Mainline Safety Relocation Project and Craney Island.'
If the budget is approved, $40 million will be used for the relocation of the Commonwealth Railway's tracks from densely populated areas in Chesapeake and Portsmouth, and create a secure, fenced-in rail corridor in the medians of State Route 164 and Interstate 664. The project will eliminate 14 at-grade crossings. Field engineering for this project is nearing completion.
An additional $10 million would be set aside for the preliminary engineering and design phase of building Craney Island Marine Terminal where the port plans to build a fourth state-owned marine terminal. Preliminary engineering and design for this project is scheduled to be complete in 2009, and once the terminal is completed in 2032 would more than double the port’s existing cargo capacity.