Voters approve $453M bond package

November 7, 2012

ANCHORAGE, Alaska (AP) — Alaska voters have approved nearly a half-billion dollars in bonds for transportation projects statewide.

With nearly all precincts reporting, 57 percent of voters voted in favor of the $453 million transportation bond package Tuesday with 43 percent voting against it before outstanding ballots were counted.

The troubled Port of Anchorage expansion project is slated to receive $50 million from the bond package. The project has been beleaguered by cost overruns and construction problems. In fact, a report is expected to be released Friday whether the expansion project can be built as designed.

An estimated 90 percent of goods arriving in Alaska come through the port.