APM Terminals' Virginia bid criticized

Privatizing the Port of Virginia is not the right thing to do at the moment. APM Terminals should not be allowed to take over port operations, writes Frank Wagner, Repuclican from Virginia. "We wil contribute positively," APMT replies.

It does not make sense to privatize the Port of Virginia right now, according the Republican member of the Virginia State Senate, Frank Wagner. In spite of the fact that APM Terminals has already made its bid on the port, the Senate member wants to change the privatization process.

"If the port can be improved and its economic value to the commonwealth enhanced through privatization, then it is a conversation worth having. However, it should be done on Virginia’s terms, in our time, not in response to an unsolicited proposal that may or may not be in the framework of what we want. The decision should not be driven by the PPTA unsolicited bid process, but rather by careful consideration of the port’s role in the Virginia economy by policymakers. An appropriate decision about privatization can be made only after we understand whether the Port serves the commonwealth better as an engine for economic growth or as a profit-maximizing entity," writes Frank G. Wagner in an editorial published in the Richmond Times Dispatch, a Virginia newspaper.

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