Port of Alaska Gets $25M Federal Grant

Last week, the United States Department of Transportation awarded a $25 million grant to the Port of Alaska through the department’s Better Utilizing Investment to Leverage Development (BUILD) program.

The grant will help the beleaguered project move forward with the first phase of its modernization program. Specifically, the grant will help fund the renovation and construction of a new cement and petroleum dock.

The Associated Press reported around 85% of Alaska’s homes and businesses rely on the port to transport cargo in and out of the state.