Port Commission votes to increase tariffs to support Petroleum Cement Terminal
- October 24, 2019
- Posted by: poa
- Category: Port News
By Kristen Durand
The Port Commission voted on a plan to finance a project that would bring part of the Port of Alaska – which handles about half of all Alaska inbound marine cargo – to fully operational status. The $81 million project would be partially funded by a raise in tariffs.
The current tariff at the port will be expiring at the end of the year, so Wednesday the commission met to discuss those changes, as well as how to move forward with funding the remainder of the Petroleum Cement Terminal.
The Petroleum Cement Terminal has been in a state of disrepair since before the Nov. 30 earthquake, and on Wednesday the Port Commission looked at options anywhere from basically ‘keeping the lights on,’ all the way to funding a fully operational facility.