Subsidy Tracker Individual Entry
The value of the subsidy package and the description of the project are taken from DeLong Mountain Transportation System project description on the Alaska Industrial Development and Export Authority website; available online at: http://www.aidea.org/Programs/InfrastructureDevelopment/DeLongMountainTr...
In 1999, the Alaska Industrial Development and Export Authority (AIDEA) issued $87 million in bonds to finance expansion of the DeLong Mountain Transportation System's (DLMT) port facilities to accommodate increase in Red Dog Mine production. The mine is owned by Teck Alaska, previously known as Cominco (NANA Regional Corporation owns the ore deposits and contracts with Teck Alaska to mine it). DLMT is a 52-mile road and port that serve the mine. DLMT is owned by the state but the mining company has priority non-exclusive right to use the road system. The bonds are serviced through fees paid by the road users. Overlaps with main Subsidy Tracker data: this amount is included in a Subsidy Tracker 1990 entry for Red Dog Mine, under the Development Finance Program.