Don Young Port of Alaska in Anchorage
Don Young Port of Alaska in Anchorage

Alaska OKs Funds for $1.85B Port Upgrade, Other Projects

Published: July 11, 2022

By: James Leggate

In a step toward funding over $2 billion worth of needed projects, Alaska officials have approved more than $400 million for port upgrades and construction of a cruise ship passenger dock.

The state’s fiscal year 2023 capital budget, which Gov. Mike Dunleavy (R) signed June 30, includes $200 million for the Port of Alaska modernization program in Anchorage, with half of the funds contingent on the port finding matching money. Jim Jager, director of business continuity and external affairs for Port of Alaska, says the port has already applied for federal funding it could use to match the state funds.

Read Full Story Here: