Senate Finance unveils $1.9B capital budget

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by Your Alaska Link News Team

The Senate Finance Committee has unveiled a draft capital budget, totaling about $1.9 billion for next year.

Additional changes are expected before a bill advances, including plans for addressing a new power plant at the University of Alaska Fairbanks campus.

The bill includes $10 million of the $42.7 million Gov. Sean Parnell had requested for the Susitna-Watana hydro project.

Parnell had made $32.7 million of the request contingent upon the Alaska Energy Authority securing land-access agreements for project-related field work. The authority announced it had reached agreement Friday. But committee co-chair Kevin Meyer said the focus has been on pursuing a gas line project and this would essentially put the project on the back-burner, as the gas line effort continues.