Alaska Editorial: A dwindling appetite for megaprojects

As Alaska’s budget woes continue to become evident the question of what, if any, of the capital-intensive megaprojects (such as the proposed Ambler Road) should be funded has become forefront in the news.

 

“Alaska has no shortage of capital-intensive megaprojects in the works, but now the state is scrambling to find funds to cover the basic needs for state operating expenses. As oil prices continue to dip, the fortunes of Alaska’s megaprojects are waning precipitously. The question of how many such projects the state can afford — if any — should be a focus of budgeting efforts in the coming months.”  Read the full article here.