development, ownership, and operation of projects within Alaska through the Development Finance program. Ports , roads, and other infrastructure and facilities are eligible for this program if they are economically advantageous to the state and public welfare, contribute to economic growth, and are economically and financially able to produce revenue to repay the amount financed (AIDEA 2010b). AIDEA financed the Delong Mountain Regional Transportation System (DMTS), which connects the Red Dog mine to its port site on the Chukchi Sea, with this program. AIDEA has invested more than $250 million in DMTS, making the development of the mine possible
(AIDEA 2010b). A third program resource for port and harbor development funding is the AIDEA Conduit Revenue Bond Program, which assists businesses or nonprofit corporations in issuing tax-exempt and taxable revenue bonds to obtain project financing. In this program, AIDEA assets and credit are not at risk, and the underwriting and placement of the bonds are based on the creditworthiness of the project and borrower strength (AIDEA 2010b). Though the conduit bond program has not yet been used for port or harbor development projects, it is a resource that can be considered going forward (Walker 2010). Outside of these programs, other financing arrangements have been made in the past. As mentioned in Section 3.1.3, the Ballyhoo dock in Unalaska, Alaska was partially financed through AIDEA bonds. Bond issuance and debt financing are discussed further in section 22.214.171.124.
Canada CP Bring this map into the round. Their Dlouhy 4/25 evidence indicates that 1,000 miles is that maximum for an effective port to prevent spills. The map clearly indicates that Canada’s northwestern territories is less than 1000 miles away from the beaufort and the chukchi sea (this map may only show up when you are not on the web lay out) Text: The Dominion of Canada should build deep water ports in its Northwestern Arctic territories. Canadian-American military cooperation in the Arctic exists now – Canada can build the facilities. O’Rourke 6/15 – Specialist in Naval Affairs (Ronald, “Changes in the Arctic: Background and Issues for Congress”, 6/15/12; < ;)//AB In December 2009, it was reported that “U.S. and Canadian defense officials are studying emerging gaps in their awareness of Arctic activities , seeking to boost North American Aerospace Defense [NORAD] Command’s maritime- warning mission and crafting a new threat assessment for the region.” The effort would reportedly involve both NORAD and a Canadian-American advisory board called the Permanent Joint Board on Defense.216 In May 2010, it was reported that “ American and Canadian defense officials are bolstering collaboration on military exercises, investment plans and technology development related to the Arctic .” The report stated that “U.S. and Canadian intelligence officials have created a classified joint “utilization” assessment for the Arctic looking out to 2020 , which will be continuously updated.” It also stated that “American and Canadian defense officials have just started
- Spring '17
- Arctic Ocean, Gulf, Exxon Valdez oil spill