the port of virginia - p3 virginia | virginia office of ... success at the port of richmond ... who...

Stewards of Tomorrow 1

THE PORT OF VIRGINIA A CLEAR VISION. A PATH FORWARD.


• Intro to The Port of Virginia

• FY 2015: Strong Planning. Strong Results.

• Success at The Port of Richmond

• Our Vision Forward

AGENDA A CLEAR VISION. A PATH FORWARD.


WHO ARE THE STEWARDS OF TOMORROW?

The Port of Virginia focuses on what matters most to our customers, our people, and our region. Every day we deliver superior service, safe transport, and continuous improvement.

It’s why we get up in the morning, and why The Port of Virginia will keep moving forward.

A CLEAR VISION. A PATH FORWARD.


A STATEWIDE FOOTPRINT LEVERAGING THE POWER OF THE PORT

VIRGINIA INTERNATIONAL

GATEWAY


FY 2015: STRONG PLANNING. STRONG RESULTS.

2.5 million 20-Foot Equivalent Units (TEUs)

9% growth over FY 2014


+ 4.2% + 5.9% + 10.9% + 12%


FY 2015: STRONG PLANNING. STRONG RESULTS. A CLEAR VISION. A PATH FORWARD

$208.62 $209.26

$287.73 $310.64 $352.33

$396.67

$458.00

$-

$100.00

$200.00

$300.00

$400.00

$500.00

FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015

Consolidated Operating Income

FY 2009 and FY 2010 do not include APM statistics. Operating Revenue Compound Annual Growth Rate 2011 – 2014 = 11.3%


FY 2015: STRONG PLANNING. STRONG RESULTS. A CLEAR VISION. A PATH FORWARD.

20.49 18.51

20.05

11.20

15.51 16.56

14.20

25.00

20.00

15.00

10.00

5.00

0.00

5.00

10.00

15.00

20.00

FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015

Actual Operating Loss

A $30+ million change in direction.


$60.3 billion economic impact

Port-related spending on goods and services

Over 374,000 jobs

Nearly 10% of the VA workforce

$30.5 billion total GSP

Nearly 7% of Virginia’s total GSP 20.49 18.51

20.05

11.20

15.51 16.56

14.20

25.00

20.00

15.00

10.00

5.00

0.00

5.00

10.00

15.00

20.00

FY2009

FY2010

FY2011

FY2012

FY2013

FY2014

FY2015

Actual Operating Loss

A CATALYST FOR THE COMMONWEALTH



SELECT DISTRIBUTION CENTERS UTILIZING THE PORT


The Port of Virginia


CONNECTIVITY IS KING.

• The port must capitalize on its strategic road, water and rail networks to remain competitive.



CONNECTIVITY IS KING. • Moving cargo from our

deepwater terminals to our interior locations will lower turn times, lower emissions, increase our customers service levels and increase economic opportunities

A CLEAR VISION. A PATH FORWARD


• Economic engine for the Commonwealth

• 39 major companies have located near the Virginia Inland Port

• Investment of nearly $748 Million

• Over 8 Million sq. ft. of buildings

• Employment of over 8,000 people

VIRGINIA INLAND PORT A CLEAR VISION. A PATH FORWARD.


LOGISTICS ASSETS WITHIN 50 MILES OF RICHMOND A CLEAR VISION. A PATH FORWARD.

• Port of Richmond

• CSX Rail and NS Rail

• James River barge service

• Interstates 95, 64, 85, 295

• Richmond International Airport

• Foreign Trade Zone #20

• Forts AP Hill and Pickett

RICHMOND


THE PORT OF RICHMOND A CLEAR VISION. A PATH FORWARD.

Land acreage: 121 Wharf: 1,600 feet Rail service via CSX; NS via local switch Barge service with NIT and VIG


VISION FOR THE PORT OF RICHMOND • A self-sustainable transportation node

• A valuable asset to The Port of Virginia, the City of Richmond, and the Commonwealth

• This is accomplished through strategic investments and full integration of the Port of Richmond terminal and barge operations



VOLUME GROWTH AT POR A CLEAR VISION. A PATH FORWARD.

3,205 3,241 6,446

4,821 4,775

9,596 6,699 7,415

14,114

0

5000

10000

15000

Import Export Total

FY 2013 FY 2014 FY 2015

+55% +39%

+47%


64 EXPRESS MARINE HIGHWAY CONNECTOR

• Nine lines offering bills of lading

• Averaging 200 moves/week

• Removes trucks off the road

• Emissions Reductions



• $7.2 Million: Infrastructure upgrades and increase in the facility’s safety standards

• $1.6 Million: Annual maintenance to ensure safety and maximize operations

• $3.2 Million: Rail enhancements to achieve dual access

• $4.2 Million: Mobile harbor crane to be delivered in December 2015

• $315,000 Dredging

• $1.3 Million: New operating equipment: one top loader, six bomb carts, three hustlers

CAPITAL INVESTMENTS A CLEAR VISION. A PATH FORWARD.


NEW CUSTOMERS Precept Medical R1 Rubber Sabra Simms Metal Expeditors Luck stone Open Plan Systems Providence Ongoing efforts with City Economic Development to identify Commerce Road Corridor opportunities, users, investment strategies

A Catalyst for the Commonwealth


RICHMOND AREA PORT USERS MeadWestvaco Scoular Philip Morris Universal Leaf Evergreen Enterprises Lumber Liquidators Country Vintner DuPont Honeywell Alcoa

Carpenter AMF Evonik Bondioli and Pavesi Southern States Amsted Rail Marva Marble Maruchan American Signature Reynolds Alfa-Laval



A CATALYST FOR COMMERCE • The Port of Richmond is located in an area in need of

economic opportunity. • An estimated 50,000 working age population reside within or in

close proximity to the Port of Richmond

• 40+ percent of that population are considered to reside in low-and-moderate income households

• 28% unemployment rate among households located in the vicinity of the Port of Richmond



THE “RICHMOND MODEL” A CLEAR VISION. A PATH FORWARD.

• Built on success in Savannah, GA

• Develop Commerce Corridor potential

• Leveraging various city of Richmond owned sites - ranging from 1 to 22 acres

• Identifying ancillary opportunities to support the Commerce Road corridor

• Inclusion of a Pathway to Employment Program


P3 PARTNERSHIP • Determine what capital is necessary from the public and

private sectors to attract port related businesses to the Commerce Road Corridor.



THE PORT OF VIRGINIA THANK YOU

REDEVELOPMENT OF THE COMMERCE ROAD CORRIDOR LEVERAGING THE PORT OF RICHMOND Bipartisan Policy Center Infrastructure Council December 17, 2015

Douglas Koelemay

Overview

• Introduction to the VAP3

• VAP3’s Role in Virginia • P3 Project Delivery Framework

• P3 Risk Management Framework

• VAP3’s Role in the Project

• Initial List of Stakeholders

2

Virginia’s P3 Background

Virginia enacted PPTA (1995), PPEA (2002) and established a dedicated P3 office (2010)

• Successful P3 track record

• Receptive political environment towards P3 projects

• Strong institutional knowledge of P3 project delivery

• Strong public engagement and outreach • Delivery of tangible transportation, social, & economic benefits

3

Transportation Agency Organization

4

VAP3 Structure and Resources

5

VAP3’s Role in Virginia

• Educate and communicate the role of P3’s in program and project

development.

• Develop consistent and fair P3 procurement and project development processes.

• Identify, manage and/or mitigate risks related to P3 projects.

• Facilitate the development of P3 projects across all transportation agencies and jurisdictions.

• Identify and screen potential P3 projects and concepts within the P3 Pipeline.

6

Overview P3 Project Delivery Framework

Project Screening

Project Development

Comprehensive Agreement Executed

Detail-Level Screening

Project Identification

Project Procurement

RPE Implements/VAP3 Supports

High-Level Screening

7

Project Screening

High-Level Criteria: • Ability to Transfer Risk

• Funding Requirement

• Ability to Raise Capital

• Complexity of Effectively Leveraging Private Sector Innovation/Expertise

• Addresses Priorities in State, Regional and/or Local Transportation Plan

• Project Efficiencies through P3 Delivery

Detail-Level Criteria: • Public Need and Benefits

• Economic Development

• Market Demand for P3 Delivery

• Stakeholder Support

• Technical Feasibility

• Systematic Interface and Compatibility

• Financial Feasibility

• Legal/Legislative Feasibility

• Project Risks

8

Overview P3 Risk Management Framework

9

VAP3’s Role in the Project

Redevelopment of the Commerce Road Corridor Leveraging the Port of Richmond

• Utilize the P3 Project Delivery Framework to evaluate the candidacy

of the Project as a P3 • Utilize the P3 Risk Management Framework to identify, manage

and/or mitigate risks

• Facilitate the key stakeholders and identify a Project champion

• Work with POV to develop a roadmap for development of the Project as a P3

10

Project Screening

Project Development

Comprehensive Agreement Executed

Detail-Level Screening

Project Identification

Project Procurement

RPE Implements/VAP3 Supports


VAP3’s Role in the Project Current Status

The Project is currently in the


11

Initial List of Stakeholders

Local: • City of Richmond • Economic Development Authority

of the City of Richmond • Richmond Regional Planning

District Commission • Greater Richmond Partnership • Greater Richmond Chamber of

Commerce Federal: • U.S. Army Corps of Engineers • U.S. Economic Development

Authority • U.S. Department of Transportation

State: • Port of Virginia • Virginia Department of

Transportation • Virginia Department of Rail and

Public Transit • Virginia Community College

System • Virginia Economic Development

Authority • Virginia Board of Workforce

Development • Virginia Secretariat of

Agriculture and Forestry

What other stakeholders should be included?

12

REDEVELOPMENT OF THE COMMERCE ROAD CORRIDOR LEVERAGING THE PORT OF RICHMOND Bipartisan Policy Center Infrastructure Council December 17, 2015

the port of virginia - p3 virginia | virginia office of ... success at the port of richmond ... who...

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