Alaska Business March 2017

Page 55

Anchorage has 1,423 wharf piles that have lost up to 75 percent of their original thickness to corrosion. Photographed April 8, 2016.

Make the Port of Anchorage Great Again The Port of Anchorage opened shortly after statehood in 1961: ● Survived the Good Friday Earthquake ● Supported earthquake recovery, oil and Alyeska pipeline development, and statewide economic growth ● Handles half of all Alaska inbound freight, half of which is distributed outside of Anchorage ● Department of Defense designated strategic seaport Age and corrosion are now sapping Anchorage dock strength and earthquake resistance and existing terminals will start closing in about ten years, regardless of seismic activity or anything else.

Port Modernization Program

Anchorage is replacing its docks and associated facilities to: ● Improve operational safety and efficiency ● Accommodate modern shipping operations ● Improve resiliency – enable facilities to survive extreme seismic events and region’s harsh marine environment for at least 75 years ● Project construction will take at least seven years and employ some 300 Alaska workers during peak phases (scheduled to begin in 2017)

Who Pays

Port modernization will benefit all Alaskans. Anchorage is moving forward to rebuild its docks before they fail. It asked State legislators to support a $298 million statewide general obligation bond referendum or other funding mechanism in 2017 to help pay for the project. All remaining project funds are either in hand or will come from other sources, including Port revenues. Who do you think should pay? Learn more at portofanc.com.

GOODS FOR ALASKA • SINCE 1961 PA I D A D V E R T I S E M E N T


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