U.S. Awards Up to $249 Million for Port MacKenzie Rail Extension

The U.S. government selected Alaska Railroad Corporation for up to $249,052,399 in funding for a Port MacKenzie rail extension that could serve Nova Minerals Corp.’s planned antimony processing hub. The 32-mile line would connect the Alaska port to the railroad’s main line. Announced Oct. 19, the funding covers project development, final design, right-of-way acquisition and construction under the Federal Railroad Administration’s Consolidated Rail Infrastructure and Safety Improvements program. The project is estimated to cost $311 million.

Source: TokenPost