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Poised for Growth. Thank you! Four separate appropriations $92.5 million.

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Presentation on theme: "Poised for Growth. Thank you! Four separate appropriations $92.5 million."— Presentation transcript:

1 Poised for Growth

2 Thank you! Four separate appropriations $92.5 million

3 ISER Benefit Cost Assessment of Rail Extension ISER Benefit Cost Assessment of Rail Extension

4 King Hufford III CEO PacArctic

5 CEOCEO Justin Charon Central Alaska Energy

6 Bill Brophy Communications Usibelli Coal Mine

7 Central Alaska Energy PacArctic JDM Consultants Alaska Gasline Development Corp. Alutiiq Alaska Railroad Houston City Greater Fairbanks Chamber of Commerce Klondike Concrete Co. Koniag NPI Greater Palmer Chamber of Commerce Greater Wasilla Chamber of Commerce AEDC Alaska State Chamber of Commerce Fairbanks North Star Borough Houston Chamber of Commerce International Union of Operating Engineers Kinross-Fort Knox Resource Development Council Pogo Mine Raven Gold Alaska The Alaska Miners Association Accelergy “Reducing the cost of importing the products we need for our operations will help us be more competitive in our markets and give us better opportunities for growth and longevity.” Chris Kennedy Chris Kennedy General Manager General Manager Pogo Mine Pogo Mine

8 Companies & Freight on Port MacKenzie Rail PacArctic, Inc. Koniag, Inc. Alaska Central Energy Kinross Gold USA, Inc. Sumitomo Metal Mining Alutiiq NPI Accelergy Klondike Concrete Usibelli

9 Professor at Department of Mining and Geology University of Alaska Fairbanks Paul Metz

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11 Progress at the Port

12 3 million cubic yards of soil moved

13 Will have Alaska’s only 100 railcar industrial loop

14 Allows for efficient transfer between trains and ships

15 Port MacKenzie Port of Anchorage Only port in Alaska with large (14 sq. mile) staging, storage and industrial area

16 This large industrial space provides excellent opportunity for value-added growth

17 Project funding to date $10 million FY 2008 state appropriation for EIS state appropriation for EIS $17.5 million FY 2009 state appropriation for project $35 million FY 2011 state appropriation for project $30 million FY 2012 state appropriation for project $92.5 million: Current Total Appropriations

18 2013 Funding Request 2013 Funding Request $60 million (GF) $120 million (GO bond)

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23 Project funding summary Total Estimate for project $272.5 million Appropriated Required for completion $92.5 million $180.0 million GO Bond request General Fund request $120 million $60 million

24 Poised for Growth


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