Anchorage Daily News
Author: Elwood Brehmer, Alaska Journal of Commerce
Import charges levied on basic commodities at the Anchorage port could increase fivefold or more if the municipality is forced to rebuild decrepit shoreside infrastructure on its own dime, according to an analysis released last week.
The analysis looks at how much Port of Alaska tariffs on refined petroleum products and cement would have to be raised to cover the cost of borrowing $200 million to pay for replacing the port’s petroleum and cement terminal. It was prepared by the Virginia-based economic consulting firm Parrish, Blessing and Associates Inc. and presented at a Thursday Port Commission meeting.
Municipal Manager Bill Falsey said in a follow-up interview that the municipality will have to sell $200 million in revenue bonds in less than a year to stay on the construction schedule for the petroleum cement terminal.