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State and port grants support two rail-to-container transloading projects near Portsmouth
Summary
The commission heard updates on two planned transloading facilities: a Raymond Logistics/BeltLine project at 1040 Virginia Ave that won an $800,000 port grant toward a $56 million investment, and a DeLong Company proposal at 1 Harper Ave seeking a state rail-access grant for a $26 million project expected to create about 15 direct jobs.
The Portsmouth Port and Industrial Commission on Jan. 28 reviewed two private transloading projects that would convert rail shipments to export containers and said one project secured a port grant while the other is pursuing state support.
Staff reported that a BeltLine Railroad partnership with Canada-based Raymond Logistics will construct a transloading facility near 1040 Virginia Avenue. Staff said the project received an…
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