Office Of Economic Adjustment News

The Department of Transportation’s Maritime Administration announced the receipt of $10m from the Department of Defense, Office of Economic Adjustment, to continue Port of Anchorage, Alaska, with its infrastructure improvements. The funding will allow the port to complete the next phase of its $700m renovation and expansion, which will add an additional 18 acres of new real estate to the port. The Port of Anchorage is undergoing a $700m major renovation and expansion to support both increasing Department of Defense use of the port, as well as its growing commercial use. The port serves more than 80 percent of Alaska’s population, with 90 percent of consumer goods flowing through it, and it is the major gateway for equipment supporting the state’s energy industry.