Port of Alaska in Anchorage

Anchorage settles with remaining contractors in port lawsuit for a fraction of claimed loss

Published: February 2, 2017

Anchorage Dispatch News
By Devin Kelly

The city of Anchorage has reached settlements with three remaining contractors involved in the botched Port of Anchorage expansion project, ending a lawsuit that stretched nearly three years and recouped only a fraction of what the city had sought in damages.

Engineering firm CH2M Hill Alaska Inc. paid the city $1.5 million, according to the settlement filed in U.S. District Court in Anchorage. CH2M Hill was sued because it acquired Veco Corp. after Veco became mired in a corruption scandal. Veco actually worked on the port project.

The port designer, PND Engineers Inc., and another designer, GeoEngineers Inc., each settled for $750,000.

In all, seven private contractors settled with the city for about $19 million total. The city had sought more than $100 million in damages. The port expansion cost more than $300 million and left the city with a dock that couldn't be used or fixed.

Read Full Story Here:
https://www.adn.com/alaska-news/anchorage/2017/01/31/anchorage-settles-with-remaining-contractors-in-port-lawsuit-for-a-fraction-of-claimed-loss/