Port project cost estimate doubles to nearly $2B
- January 28, 2019
- Posted by: poa
- Category: Port News
Alaska Public Media
By: Zachariah Hughes
Alaska’s biggest port is in dire need of improvements. And according to the latest estimate, those repairs will be twice as expensive as originally forecasted, leaving city officials are dismayed.
In recent years, the Municipality of Anchorage had been bracing for cost of around $1 billion to complete several different projects within a port modernization program. But the engineering firm managing the project has had to adjust that estimate upwards.
“They have given us a revised all-in price-tag of nearly $2 billion. It leaves us in a very uncomfortable place,” said City Manager Bill Falsey.
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