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Alaska approves emergency funding for controversial road crossing Gates of the Arctic NP

ANCHORAGE, Alaska (AP) — The Alaska Industrial Development and Export Authority Board of Directors have voted during an emergency meeting to set aside $35 million for a mining road in northwest Alaska, bypassing standard requirements for taking loans from its revolving fund.

Authority President Tom Boutin said that the action by the board will allow the authority to issue loans more effectively to offset potential economic side effects brought on by the coronavirus. The meeting was originally called to approve a series of economic measures intended to combat the pandemic.


https://apnews.com/6af43cbc68353bcb2f8b36ddb7fa411d

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