Port of Alaska in ‘money-raising mode’ to fund modernization program

Port of Alaska in ‘money-raising mode’ to fund modernization program

It’s a busy summer at the Port of Alaska with its modernization program in full swing as they look to secure funding to help keep the five-phase project moving forward.

This summer, Port of Alaska External Affairs Director Jim Jager said they will begin construction on a new administrative office onshore in August allowing them to demolish the dock where it previously stood.

The Port of Alaska Modernization Program is broken down into five phases, and next summer the North Extension Stabilization project will kick off phase 2A of their five-phase plan. Jager said the North Extension Stabilization is going to be in the neighborhood of $130 million and anticipates funding to come from a combination of places.

Read Full Story Here:
https://www.alaskasnewssource.com/2022/06/10/port-alaska-money-raising-mode-fund-modernization-program/