Seaports Magazine - Spring 2016 - (Page 18)
TURNING ON THE
By Lori Musser
PORT OF ANCHORAGE - Jim Jager, Director of External Affairs, Port of Anchorage, said
the port's docks range in age from 21-55 years old, on average, and they still use 38-gauge
cranes. However, they are finally moving forward with an extension and stabilization
project started over a decade ago that failed at the time as it "didn't use a seismically
stable design...We are in an extreme climate zone, both in terms of marine climate and
seismically; we had a 7.2 earthquake just last Sunday!" Jager said they are trying to reboot
this program as well as secure another $290 million worth of funding "so we can start
the main project - replacing and modernizing the main terminals," he explained. "We are
trying to go with a statewide general obligation bond for those funds." While some of the
extension work will begin in the summer, the construction work on the main docks would
not begin until summer 2018 and it would have to be fully funded at that point.
AAPA SEAPORTS MAGAZINE
he need has been established
for a new port facility. The
site is available, architectural and engineering
plans are in the works, permitting and regulations are being
addressed. And a dearth of dollars might squash the entire project
before a shovel hits the ground.
Or, a thoughtfully assembled
package of public and/or private
financing might answer strategic needs, provide room for
growth, balance risk and
return, and enhance a
port's long-term financial
position and bond ratings.
And there's the rub.
Many ports have lean
finance, grant and planning departments. Few
have sufficient bench strength
to carefully write - and then administer
- complex grant applications, or to go out
to global markets to recruit private investors, or to work with appropriate agencies
to float or even piggyback on new bonds.
By recognizing their own deficiencies and planning around those deficiencies, ports are one step closer to
securing funding that ensures ongoing
freight and passenger mobility through
In the United States, where seaports
carry out more than $10 billion in capital
projects each year, numerous industry
reports, including AAPA's The 2015 State
of Freight and the American Society of
Civil Engineers' still-timely 2013 Failure
to Act, cite a growing gap between available funding and needs.
Table of Contents for the Digital Edition of Seaports Magazine - Spring 2016
From the President’s Desk
Port to Market: Building Infrastructure to Meet Demand
Turning on the Funding Tap
Seaports Maintenance and Modernization
Do Ports Know What’s Coming?
Surface Transportation System Enables Economic Prosperity
Dredged Material Disposal: 5 Ways to Expedite Federal Approval
The Importance of Infrastructure in the Cruise Industry
Index of Advertisers
Seaports Magazine - Spring 2016