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Dunleavy Introduces $356 Million Infrastructure Bond

by | Feb 5, 2021 | Construction, Government, News

Governor Mike Dunleavy has introduced a job creating $356 million infrastructure proposal—the first statewide bond proposal in nearly ten years.

Senate Bill 74 is a key piece of the Dunleavy administration’s Path Forward and is intended to improve transportation, education, recreation, and communications systems throughout the state.

Upon passage by the Legislature, the general obligation bond will go to a vote of the people.

“This statewide bond package is essential to stabilizing our economy and putting Alaskans back to work following the economic upheaval caused by the pandemic,” says Governor Mike Dunleavy.

“Not only will this proposal create jobs, it will improve critical infrastructure for all Alaskans. I look forward to working with the Legislature to take this to a vote of the people following the 2021 legislative session.”

The proposal totals $356,405,952 and leverages a federal match of $1 billion.

Projects of interest included in the general obligation bond include:

  • $8.5M to West Susitna Road Access project
  • $25M to School Major Maintenance Grant Fund
  • $18.9M to Fairbanks Youth Facility
  • $2.4M to Fairbanks Pioneer Home
  • $19.5M to Alaska Vocational Technical Center upgrades
  • $12M to Alaska Public Safety Communication Services System upgrades
  • $13.2M to Fairbanks to Seward Multi-Use Recreation Trail Construction
  • $20M to Statewide Firebreak Construction Program
  • $2.4M to Alaska Wildlife Troopers Marine Enforcement repair and replacement
  • $4.2M to Bethel Airport
  • $8.3M to Craig Harbor
  • $28.8M to Dalton Highway repairs and upgrades
  • $540K to Denali Highway Mile Point 24-25
  • $5.6M to Ketchikan South Tongass Highway
  • $29.9M to Sterling Highway Miles 8-25
  • $9.3M to Unalaska Harbor
  • $29.6M to University of Alaska infrastructure projects

 

For more information on the general obligation bond proposal, including a comprehensive list of project proposals, click here.

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