Anchorage Assembly evaluating $1.9B port cost estimate

ANCHORAGE, Alaska (AP) – The Anchorage Assembly is working to determine if it needs to spend about $1.9 billion to rebuild the city’s deteriorating port.

The Alaska Journal of Commerce reported on Wednesday that Assembly member Christopher Constant said at a March 21 Assembly committee meeting that the group needs to look closely to figure out if there’s ways to save on cost.

Constant has started a reexamination of the Anchorage Port modernization program as co-chair of the Assembly’s Enterprise and Utility Oversight Committee.

Current estimates show it will cost about $1.9 billion to replace and upgrade the port’s cargo, petroleum, cement terminals and other facilities.
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Information from: (Anchorage) Alaska Journal of Commerce, http://www.alaskajournal.com