By: Joe Vigil
Anchorage municipal manager Bill Falsey called Tuesday a "good day" after it was announced that the U.S. Department of Transportation awarded a $20 million infrastructure development grant to the Port of Alaska.
Municipal leaders say the Port Infrastructure Development Program grant is on top of a $25 million Better Utilizing Investment to Leverage Development grant DOT awarded last November.
The grant will go toward the port's modernization project, which includes construction of a new petroleum and cement terminal. The Municipality of Anchorage estimates the terminal will cost more than $200 million.
Jim Jager, the external affairs director for the port, said the port instituted new fuel and cement tariffs in the beginning of January that will be used to pay the remaining petroleum cement terminal construction costs.
Municipal officials expect the terminal to be functional by the end of next year; in-water construction is expected to start in the spring.