Anchorage seeks $340M for failed port project

The Municipality of Anchorage is looking to recoup up to $340 million in the two lawsuits it has against contributors to the failed Port of Anchorage Intermodal Expansion Project.

Outside municipal counsel Bennett Greenberg said at an Oct. 28 Alaska U.S. District Court hearing in Anchorage that the city hopes to recover a combined $300 million from project manager Integrated Concepts and Research Corp., former port designer PND Engineers and CH2M Hill Alaska, which now owns dock design consultant VECO Alaska.

The three companies are defendants in a lawsuit filed in March 2013. The second suit seeking financial damages was filed against the U.S. Maritime Administration, or MARAD, in February 2014 in Federal Claims Court.