en.Wedoany.com Reported - The Commonwealth Transportation Board has awarded $750,000 to Fairwinds Terminal Services LLC for the repair of 12,000 feet of track at its Fairwinds Landing facility in Norfolk.
Officials from the Virginia Department of Rail and Public Transportation (DRPT) stated in a briefing that the funding, managed through the Rail Industrial Access program, aims to help businesses connect to the state and national rail network. This track repair is part of Fairwinds' larger $200 million revitalization plan, which seeks to transform its 131-acre waterfront facility into a multi-functional, multi-tenant maritime logistics hub.
DRPT estimates that the track improvements will increase annual freight capacity by approximately 310 railcars, helping to reduce truck traffic. Fairwinds is a veteran-owned, Virginia-based company specializing in the transshipment of goods between rail and water transportation. DRPT officials noted that the company primarily serves the defense, energy, and niche non-containerized dry bulk markets. Fairwinds Landing is serviced by Norfolk Southern Railway.
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