Governor Frank Murkowski said, I am optimistic about putting this idle state asset to work. I encourage the parties to work to integrate the future coal loading facility into the seasonal mix of jobs and opportunities for Skagway residents.
AIDEA is on the web at:|
Barry asked about the potential for conflicts during Skagway's busy tourist season with cruise ship traffic tying up the dock at the Ore Terminal. The White Pass and Yukon Route owns all three docks in Skagway used primarily for cruise ship docking and passenger disembarkation. Basil Botha, President and CEO of Cash Minerals, responded that, (White Pass) has indicated it will attempt to schedule monthly three-day windows at the Ore Dock to accommodate coal-loading activities.
For projects being considered under AIDEA's development finance program, the project applicant is required to enter into a Cost Reimbursement Agreement to repay the requisite costs associated with the feasibility study. The AIDEA Board's resolution authorizes AIDEA to spend up to $50,000 to participate in the study. Cash Minerals expects the feasibility study to be complete by the end of September this year.