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Alaska construction spending to near $7B in 2020

February 6, 2020

One project that will benefit from public spending next year is the $2 billion Port of Alaska (POA) modernization project. The Anchorage Assembly approved a $42 million contract for Seattle-based Pacific and Marine, according to the Anchorage Daily News, to build the first phase of a new $220 million petroleum and cement terminal at POA, which the city owns. The port has also won a $25 million federal grant to pay for the last phase of the terminal project, according to the report.

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