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Criticism of AIDEA's issuance of its own bonds is growing | Alaska News

The Alaska Industrial Development and Export Authority wants $300 million in funding through an amendment to House Bill 122, which would authorize the Alaska Railroad to secure bonds for improvements to its Seward dock facilities.

The primary intent of HB 122 would allow the Alaska Railroad to secure $75 million in bond financing to replace its passenger port and facilities in Seward. Alaska Railroad CEO Bill O'Leary said the company has entered into a multi-year cruise berth agreement with Royal Caribbean Group that includes an annual revenue guarantee.

Anna Harden

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