THE PORT OF ALASKA MODERNIZATION PROJECT

The program consists of building four new terminals (Petroleum and Cement Terminal, Petroleum Terminal and Cargo
Terminals 1 & 2), and a new onshore administration building, The North Extension Stabilization Steps 1 & 2 and demolition of the
existing terminals. Three cargo terminals currently operate year-round and provide 90% of Alaskans with critical goods making
continuity of operations key. Two new cargo terminals will be built replacing the existing three terminals which will be partially
demolished in a phased approach. The new terminals are designed longer to accommodate newer, larger vessels requiring two
instead of the three existing terminals. The new terminals will have seismically capable structures built 140 feet seaward of the
existing structure to reduce sedimentation impact, improve berthing safety and allow for continued port operations during
construction.

Speaker: Terry Umatum, Executive Director, Port of Alaska at Anchorage