ANCHORAGE, Alaska - The cost of operating some businesses at the Port of Alaska is expected to increase following new tariffs on commodities that took effect with the onset of the new year.
The Alaska Journal of Commerce reported the Anchorage Assembly approved the tariff increases Dec. 17. Officials say the tariff hikes include fuel charges that will increase 4 to 5 cents per year to reach 56.3 cents per barrel by 2029.
The tariff on cement will reach $5.72 per ton in 2029.
The tariffs will help fund a new $200 million petroleum and cement terminal at the port.
(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)