Port Mackenzie Rail Extension Project
Cost and Funding
Analysis
The State of Alaska appropriated $10 million during the 2007 legislative session to support the Surface Transportation Board (STB)’s process for achieving a license to construct and operate the rail line. This includes alternative analysis, preliminary engineering, National Environmental Policy Act (NEPA) environmental documentation, and a financial feasibility study.
Design & Construction
The final design and construction of a rail extension to Port MacKenzie is estimated to cost $300 million (2007 dollars). The Matanuska-Susitna Borough and the Alaska Railroad will jointly conduct a financing study to assess options for funding the project.