The Alaska Energy Authority has been awarded a $21 million grant from the United States Department of Transportation to build a cold-storage and warehouse facility at the Ted Stevens Anchorage International Airport.

The project, known as Alaska Cargo and Cold Storage, is a business partnership with McKinley Capital Management and Rocky Mountain Resources. The grant will fund the Alaska Energy Authority’s participation in Phase 1 of what will eventually be a $220 million, 715,000 ft2 facility. Once complete, the project is expected to generate long-term benefits for all Alaskans, as it receives, stores and reships fresh food and temperature-sensitive pharmaceuticals.

Phase 1 construction is anticipated to generate 830 jobs, and Phase 2 construction is projected to generate an additional 1,245 jobs. Once operational, the cold storage facility operators expect to employ approximately 120 full-time employees.