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Alaska voters approve $453M bond package

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Posted: Wednesday, November 7, 2012 1:30 pm | Updated: 11:55 am, Mon Jan 21, 2013.

ANCHORAGE, Alaska - 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 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.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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