Program

Knik Arm Crossing (AK)

Category

Transportation

Subsidy Type

Discretionary

Committees of Jurisdiction

House Transportation and Infrastructure Committee

$ FY 16 Budget Score (in mil.)
$51 FY 16-25 Budget Score (in mil.)

Sister project of the now infamous “Bridge to Nowhere,” the Knik-Arm Crossing would link Anchorage to the sparsely populated area around Point McKenzie in the Mat-Su Valley. The project, with a total cost of $1.6 billion, can only be built with a public-private partnership, which would be paid for through the collection of a bridge toll, and a large loan guarantee from the federal Transportation Infrastructure Finance and Innovation Act (TIFIA) program. Nine previous attempts by the bridge authority to secure a federal grant or loan have failed. A legislative review last year concluded traffic estimates justifying the project’s financing appear overly optimistic, and that expected toll revenue will likely fall short, with federal taxpayers likely to be asked for the millions of dollars needed to make up the shortfall. If the project were to be cancelled altogether, the federal government may be able to reclaim $51 million from previous appropriations that remains unspent.

« Back to Database