THE PORT OF VIRGINIA

News Release
March 27, 2009 

Contact: Joe Harris, Media/Public Relations Manager
Tel: (757) 683-2137 / (800) 446-8098
Cell: (757) 617-0006
Fax: (757) 683-2897
jharris@portofvirginia.com  

Greg Edwards, Director of External Affairs
Tel: (757) 683-2110 / (800) 446-8098
Cell: (757) 617-0852
gedwards@portofvirginia.com

Copy of CenterPoint Proposal
Available at VPA Web Site:
www.portofvirginia.com

NORFOLK, VA – The Virginia Port Authority [VPA] on Friday, March 27, posted on its Web site a copy of the unsolicited proposal from CenterPoint Properties Trust. The information can be found at www.portofvirginia.com in the blue menu bar across the top of the page under the PPTA heading. 

CenterPoint submitted its proposal to obtain the operating rights of the three deep-water general marine cargo terminals, the Virginia Inland Port and the proposed Craney Island Marine Terminal in accordance with Virginia’s Public Private Transportation Act of 1995 (“the Act”) as amended. All of those facilities are now owned or proposed to be owned by the VPA. 

In accordance with the Act, the VPA will accept for simultaneous consideration any competing and compliant proposals it receives in its Norfolk office before 10 a.m. Eastern Standard Time, July 27, 2009. 

Given the size of the proposal, the PDF document has been broken up into six parts all of which are active links or it can be downloaded as a single file. The parts are:
-- Executive summary
-- CenterPoint’s qualifications and experience
-- Description of the proposed project
-- CenterPoint’s Business Plan
-- Description of project benefits
-- Attachments 

Questions as they relate to the receipt of this proposal should be directed to John G. Milliken, chairman of the VPA Board of Commissioners. He can be reached at (703) 760-1637 or jgmilliken@venable.com.