Tariff increases funding Port of Alaska expansion take effect
- January 6, 2020
- Posted by: poa
- Category: Port News
Anchorage Daily News
Author: Elwood Brehmer , Alaska Journal of Commerce
It’s a little more expensive for most companies to move fuel and cement across the docks at the Anchorage port.
The Anchorage Assembly approved new tariffs on the commodities on Dec. 17. While the import charges are regularly updated to account for inflation and operational costs at the port — renamed the Port of Alaska in 2017 — the latest tariff hike is significantly greater than normal in order to help fund construction of a new, roughly $200 million petroleum and cement terminal, or PCT.
The new PCT will be the first construction of new dock facilities at the aging port since 2010 when severe damage to installed sheet pile was discovered and the original port expansion project was halted. That project spent roughly $300 million of public money but left little to show for it.