The Virginia Port Authority has released a request for proposals seeking firms interested in becoming managing and co-managing underwriters for deals.

The VPA plans to issue $70 million of tax-exempt bonds to finance projects at the Craney Island Marine Terminal, including dredging, filling, levee construction, relocating a Navy fuel line, and road and rail access to the terminal. Another $8 million of private-activity bonds subject to the alternative minimum tax will be issued to construct a warehouse at the Newport News Marine Terminal.

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