Ketchikan borough assembly votes to help with shipyard bonds

Posted: Wednesday, December 19, 2001

KETCHIKAN (AP) -- The Ketchikan Gateway Borough Assembly voted unanimously Monday night to use its $5 million shipyard development fund as a bond guarantee account to help Alaska Ship and Drydock obtain a federal contract.

Alaska Ship and Drydock, the company that operates the state-owned Ketchikan Shipyard, is unable to purchase bonding for an anticipated request for proposals for the reactivation of the National Oceanographic and Atmospheric Administration ship Fairweather.

The state has claimed $4 million in damages due to the late delivery of the ferry Columbia and the company has lost its bonding capacity, according to the borough. The shipyard claims that the late delivery after a repair contract occurred because of state actions.

Company spokesman Doug Ward said he is confident that the company will prevail in its negotiations with the state regarding the shipyard's late delivery of the Columbia, but no settlement of the issue is likely before January.



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