The Anchorage Assembly has approved funding to rebuild the city of Anchorage's docks at a cost of US$42.1m for the first phase of a US$200m programme that will see a petroleum and cement terminal at the city-owned port in Alaska, USA.

The first phase of development is being implemented by Seattle-based Pacific Pile and Marine. The port's cement business is mainly carried out by Alaska Basic Industries, which is a primary cement distributor in Alaska, USA.