Anchorage lands $25M grant for construction of cement and petroleum terminal at port
- November 8, 2019
- Posted by: poa
- Category: Port News
Anchorage Daily News
By: Aubrey Wieber
The city of Anchorage has been awarded a $25 million federal grant to help pay for fixing the damaged Port of Alaska.
The money will be used to construct a new petroleum and cement terminal, a $214 million project, Mayor Ethan Berkowitz said Wednesday.
“This enhances Anchorage and Alaska’s resilience in the face of any disruptions such as earthquakes,” Berkowitz said.
The grant from the U.S. Department of Transportation helps offset an $80 million funding deficit on the terminal project.
The remaining $55 million can be generated from tariffs at the port, municipal manager Bill Falsey said. The grant allows the project to start this summer. It’s projected to be completed in the summer of 2021, he said.