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Bank Stabilization Project To Receive Additional Significant Funding - Radio Kenai
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Kenai Bluffs Bank Stabilization Project To Receive Additional Significant Funding

U.S. Senator Lisa Murkowski announced that as a result of the bipartisan Infrastructure Investment and Jobs Act, which she played a pivotal part in crafting and advancing into law last year, four more projects in Alaska have been selected to receive substantial funding.

 

The Wednesday announcement, which follows last week’s announcement of $25 million for the Denali Park Road, includes $250 million for the Port of Nome; $185 million for the Lowell Creek flood diversion project in Seward; $88 million for the Moose Creek Dam Project in North Pole; and $28 million for the Kenai Bluffs Bank Stabilization Project.

 

Murkowski said:

“This announcement – made possible by our bipartisan infrastructure bill – is worthy of celebration. These projects are real-life, boots-on-the-ground examples of the priorities we addressed through this historic law. I’m proud of our work on it and thrilled by the results it is already producing for our state. Each of these infrastructure projects is timely and necessary and will make a difference in our state. They are critical to economic development, America’s role in an evolving Arctic, community safety, our response to natural hazards, and more. I thank the administration for joining Alaskans in recognizing the importance of these projects.”

 

This comes as the Bluffs Bank Stabilization Project would see the state of Alaska fund $6.5 million to help Kenai meet its local match of $10.5 million, according to Governor Dunleavy’s proposed FY23 budget, which spurred the council to send a send a formal ‘thank-you’ letter.

 

Council Member Glenese Pettey:

“This was requested by me to have a thank you letter available for all of the city council members to sign personally thanking the governor for that allocation of $6 million for the bluff erosion opportunity. I wanted him to personally get a letter of thanks, letting him know how appreciative that we are. I appreciate everyone’s signature on that letter.”

 

Click here for more on the bipartisan infrastructure package.

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