Poised for Growth. Thank you! Four separate appropriations $92.5 million.
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Transcript of Poised for Growth. Thank you! Four separate appropriations $92.5 million.
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Poised for GrowthPoised for GrowthPoised for GrowthPoised for Growth
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Thank Thank you!you!
Four separate Four separate appropriationsappropriations
$92.5 $92.5 millionmillion
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ISER Benefit Cost Assessment of Rail Extension
ISER Benefit Cost Assessment of Rail Extension
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King Hufford King Hufford IIIIIICEOCEO
PacArcticPacArctic
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CEOCEOCEOCEOJustin CharonJustin Charon
Central Alaska EnergyCentral Alaska Energy
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Bill Bill BrophyBrophyCommunicationsCommunications
Usibelli Coal MineUsibelli Coal Mine
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Central Alaska EnergyCentral Alaska EnergyPacArcticPacArctic
JDM ConsultantsJDM Consultants
Alaska Gasline Development Corp.Alaska Gasline Development Corp. AlutiiqAlutiiq
Alaska RailroadAlaska RailroadHouston CityHouston City
Greater Fairbanks Chamber of CommerceGreater Fairbanks Chamber of Commerce
Klondike Concrete Co.Klondike Concrete Co.
KoniagKoniag
NPINPI
Greater Palmer Chamber of Greater Palmer Chamber of CommerceCommerce
Greater Wasilla Chamber of Greater Wasilla Chamber of CommerceCommerce
AEDCAEDC
Alaska State Chamber of CommerceAlaska State Chamber of Commerce
Fairbanks North Star BoroughFairbanks North Star Borough
Houston Chamber of CommerceHouston Chamber of Commerce
International Union of Operating EngineersInternational Union of Operating Engineers
Kinross-Fort KnoxKinross-Fort Knox
Resource Development CouncilResource Development Council
PogoPogo MineMineRaven Gold AlaskaRaven Gold Alaska
The Alaska Miners AssociationThe Alaska Miners Association
AccelergyAccelergy““Reducing the cost of importing the products we Reducing the cost of importing the products we need for our operations will help us be more need for our operations will help us be more competitive in our markets and give us better competitive in our markets and give us better opportunities for growth and longevity.”opportunities for growth and longevity.” Chris KennedyChris Kennedy
General General ManagerManager
Pogo MinePogo Mine
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Companies & Freight on Port MacKenzie Companies & Freight on Port MacKenzie RailRail
PacArctic, Inc.PacArctic, Inc. Koniag, Inc.Koniag, Inc. Alaska Central EnergyAlaska Central Energy Kinross Gold USA, Inc.Kinross Gold USA, Inc. Sumitomo Metal MiningSumitomo Metal Mining AlutiiqAlutiiq NPINPI AccelergyAccelergy Klondike ConcreteKlondike Concrete UsibelliUsibelli
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Professor at Department of Mining and Professor at Department of Mining and GeologyGeology
University of Alaska FairbanksUniversity of Alaska FairbanksPaul MetzPaul Metz
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Progress at the PortProgress at the Port
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3 million cubic yards of soil moved3 million cubic yards of soil moved
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Will have Alaska’s Will have Alaska’s onlyonly 100 railcar industrial loop 100 railcar industrial loop
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Allows for Allows for efficient transferefficient transfer between trains and ships between trains and ships
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Port MacKenziePort MacKenzie
Port of Port of AnchorageAnchorage
Only port in Alaska withOnly port in Alaska with large large (14 sq. mile)(14 sq. mile) staging, storage and industrial area staging, storage and industrial area
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This large industrial space provides excellent This large industrial space provides excellent opportunity for opportunity for value-added growthvalue-added growth
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Project funding to Project funding to datedate
$10 million$10 millionFY 2008FY 2008 state appropriation for EISstate appropriation for EIS
$17.5 million$17.5 millionFY 2009FY 2009 state appropriation for projectstate appropriation for project
$35 million$35 millionFY 2011FY 2011 state appropriation for projectstate appropriation for project
$30 million$30 millionFY 2012FY 2012 state appropriation for projectstate appropriation for project
$92.5 million: Current Total Appropriations $92.5 million: Current Total Appropriations
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2013 Funding Request2013 Funding Request2013 Funding Request2013 Funding Request
$60 million $60 million (GF)(GF)
$120 million$120 million (GO bond) (GO bond)
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Project funding Project funding summarysummary
Total Estimate for projectTotal Estimate for project $272.5 million$272.5 million
AppropriatedAppropriated
Required for completionRequired for completion
$92.5 million$92.5 million
$180.0 million$180.0 million
GO Bond request
General Fund request
$120 million
$60 million
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Poised for GrowthPoised for GrowthPoised for GrowthPoised for Growth