Combined with an earlier grant from the U.S. Department of Transportation, $45 million in federal grants will offset tariffs to pay for upgrades Anchorage officials say are desperately needed.
The full price tag for upgrading the cement and petroleum terminal at the port is $214 million. The terminal is a critical component in delivering fuel and construction material to Alaska.
The soldiers are part of a joint task force that will mainly be helping train Iraqi troops, law enforcement officers and other security forces.
Anchorage Assembly members are considering whether to spend $100,000 to hire an independent analyst to monitor an ongoing modernization project at the Port of Alaska.
There would be $5.4 billion spent on the part of the operating budget the Legislature focuses on. It’s $433 million higher than the current budget.
If Tesoro owned two fuel storage terminals at the Port of Anchorage, “It would allow (Tesoro) to exercise some market power over the sale of gasoline that we were uncomfortable with,” said Chief Assistant Attorney General Ed Sniffen.
“We have zero ability to bond and help the Port of Anchorage,” said Senate Finance Committee co-chair Anna MacKinnon.
The nexus point for most of the state’s fuel, food, and building supplies could be wiped out by a minor earthquake or long-term decay.
“If you eat it, wear it, use it, or drive it, it’s on the ship,” said Grace Greene, vice president and general manager for Tote in Alaska.
A draft study shows design and construction flaws with the port of Anchorage project.