APM Terminals North America Inc. announced plans to build a container terminal located on the Elizabeth River in Portsmouth, Virginia. Dredging is expected to start later this year, and construction of the terminal is expected to be completed in 2007. The facility will feature 4000 ft. (1219 meters) of deepwater berth space (four times the current amount), and serve as a Mid-Atlantic platform for future growth. Many high profile international companies have significant operations in the region and others are actively eyeing major distribution centers for the future. The amount of cargo through Hampton Roads is expected to at least double by 2020, in part due to the area’s attraction as a major distribution center.