Konecranes Receives Notice of Intent to Award Contracts from the Virginia Port Authority in the USA

Konecranes has received a Notice of Intent to Award Contracts (the Award) from the Virginia Port Authority in the USA. The Award covers the provision of 86 Automated Stacking Cranes. Deliveries are scheduled in phases for 2018-2020. The value of the contracts will exceed EUR 200 million. This will be the largest deal in the history of Konecranes.

The Virginia Port Authority (VPA) has notified Konecranes of its intention to award two separate contracts to Konecranes upon approval by the VPA Board of Commissioners at its November 15, 2016 meeting, and upon coming to agreement with Konecranes on the final contract terms. The first contract shall be for the procurement of 60 Automated Stacking Cranes for Norfolk International Terminals (NIT). VPA also intends to award a second contract for the procurement of 26 Automated Stacking Cranes for Virginia International Gateway (VIG).