Anchorage Settles With One Of Seven Contractors Over Unfinished Port

  Thursday, June 23rd, 2016 Source: Insurance News Net

The city of Anchorage has reached a settlement with one of the parties in an ongoing lawsuit over the botched Port of Anchorage expansion, a $5.5 million payout that officials hope is a first step in recovering many millions more. Documents submitted to the Anchorage Assembly earlier this month describe the settlement between the city and MKB Constructors, which worked as a subcontractor on the expansion project with Quality Asphalt Paving Inc. The Washington-based company was mainly responsible for driving steel sheet piles into the floor of Cook Inlet to create the base of what was to be an expanded, upgraded port.

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