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Home My WebLink About02122024 City Council Laydown - Railroad Projects =4ZNT 1 240212 Laydown - Railroad Update 6. '4� IOVAC IL ► • Sew rd Projec,..ts Update Seward City Council Christy Terry, Vice President Real Estate, Alaska Railroad Corporation February 12, 2024 k I?Ar.■I■■I ■&N at ■�■ , �� If■ �i ■ , MOW- X5 I , O _ y •y.B pr AW ic pop laskaPa*11road.co " v� v a r a •} c t d > Agenda • Safety • Mission, Strategic Goals, Quick Facts Passen 9 er oc ro ect I • Freight Dock Project } • Other Port of S Questions4 ,r -v.1 -- _FT `k : NOW PON- : Y r , 1 , 4 d I °I 140 - I 1 aa 4 ! � kL r+ laskaPa*11road.co _ ter. SKA -A,6. -A6.. RAILROAD Winter Track Safety Tip: Winter Track Safety Tip: Winter Track Safety Tip: Always expect Trains are Get across a train when near more quiet than tracks as quickly the tracks. you think. as possible. L Alaska Pa*ilroadco Mission Statement Through excellent customer service and sound business management practices, provide safe, efficient and economical transportation and real estate services that support and grow economic development opportunities for the State of Alaska . L Jam: laskaPa*ilroad.co ti ALASKA RAILROAD � Strategic Goals is Build a Proactive Culture of Safety and Engagement 2. Expand Business by Growing and Diversifying Revenue I Improve Profitability by Optimizing Cost Structure 4. Balance Capital Program to Optimize Safety, Revenue, and Eff iciency 5. Enhance Economic Development, Stewardship and Stakeholder Relations ALASKA RAILROAD lauick Facts Organization (following State purchase) • Independent corporation owned by State • Managed by a seven-member board of directors appointed by Governor • Mandated to be self-sustaining, responsible for financial and legal obligations • Must receive approval from the State to sell land and issue bonds Operating Data • 656 Total miles of track r • 748 Freight cars (owned leased) • 45 Passenger cars WK • 51 Locomotives Operating Statistics • Half a million+ passengers • 3.5 million tons of freight (2023) Employees (January2024) • 540 full-time year-round employees _ • 2/3 are members of 5 unions ALASKA RAILROAD NEED FOR REPLACEMENT • Current Seward dock facility is rapidly approaching end of useful life • Seward cruise port is critical infrastructure for Alaska's travel industry: 1881124 passengers cruised to or from Seward in 2023, many adding on travels in Southcentral and Interior --.-r- ilk INS mom M Main[,N!MW0ffffEffr�rr owl INN A AIL NMI INN pt AEMO Alaska Pa*11road.co _ RAILROAD y t , N — f N" l n yr ■ �q � s Y'f I � y IF IN Jr �f. F. t xn r , . w - `-� i`ke i� 'f- { f+144t M1•�q�e1+4.{�'��x ��fr� `i�r� + + 'tr •�. ALASKA RAILROAD FUNDING & TIMELINE 2022@8 $60 million in bond authorization approved 2024: Requesting additional $75 million bond authorization Fall 2025s. Construction begins Spring 2026: New dock and terminal complete Bonds issued by ARRC are not a liability of the state, and no state dollars will be used for repayment; ARRC bonds will be secured by a long-term use agreement with anchor tenant Royal Caribbean Group. The new dock and terminal facility will support the next 50 years of industry growth and visitor demand. RAILROAD > Freight Dock & Uplands Connectivity F2017 Seward Terminal Master Plan:rei oc x ansion • recommends freight dock expansion • Dock History: foot dock built in 2002 and transportation corridor A section was widened in 2007 connectivity • Freight Dock Expansion Project Scope: Extend to 1,000 - - J.1 F y feet and widen to 300 feet along entire length .*- • Purpose: A accommodate cargo growth; B) promotelp- regions key industries, C serve rural communities 4 "Y lipio . } NEW&SALVAGED WIDENED EXISTING SALVAGEIDEMO DOCK(NEW FILL}, ARMOR ROCK,TYP EISTIhIG GROIN UNDER r TYP DOCK EXTENSION EXISTING GROIN, i r l a6 L- - ► — TO R'1EMl'SJ . - t , NEW TRAIN RA L k. } I _ EXTENSION 1BY OTHERS) EXISTING RAIL EXISTING OCSP �; REMOVABLE tF►' ■.r FREIGHT DOCK Q EULLRAIL �*frFTrr^T'i 1 1 TH34.e,. ...._.—,—1I—;..!�W - CA I1. r QR C CLLS p I NEW MOORING _ DOLPHIN&CATWALK �r r 1, TING LOADING NEW�'�''�OPEN . Fr TYP RA P,TYP CELL SHEET PILE NEW FENDER, DOCK EXTENSION NEW SHORESIDE TYP FUEL EXTENSION EXISTING Seward Freight Dock extension plan Ivl= �MIE F Fr Alaska Pa*ilroadco RAILROAD > ARRC invests in Seward infrastructur • Seward Master Plan completed in 2017 to guide development • ARRICpursuingMaster Plan recommendations including � pier and terminal replacement, freight dock expansion, upland development, transportation corridor improvements, real estate parcel leasing, etc. � t vwitC 1 ARRIC RESERVE Ai rp°rk Awe _ BOUNDARY k' Dredged Barge Basin Bar Ir , On T, N pp L*aseck Parcels a 1 - peratjr g A-a r Addrtic)na1 rrac _ • - - t)o�� .. _ F Lis y ll , Parcel � - ua � ,• w 61 TV ! VF Existing and Now TTack - F rf Y- — _.J -F` _ •. S 1A- l-.:? .' 4' _ may. ' r_ - -. AM- - , a: j z I z, tl • :Ij - y r L " i 3 F laskaPaollroadco w -1 z Y _ + :.•f,S I.: ".. ` �w-..i � _ F _ wr - _.+ice•#+` 4V' o T C u u - , RAILROAD „qt THANK YOU 1i I -I _ � N I 1 i I.1, 11 m go-wool" FBI- M1�4 �I • I q C r i ChristvTerry, Vice President Real Estate Alaska Railroad Corporation TerryC@akrr.com