Description
The State of Alaska, Department of Natural Resources, Division of Mining, Land and Water, is considering a 30-year lease to The Aleut Corporation for the construction, operation, and maintenance of a deepwater pier and associated infrastructure in Sweeper Cove, Adak. The proposed lease is for approximately 86.2 acres of submerged land and is intended to support military, commercial shipping, green ammonia export, and other emerging industries. The lease will be subject to various stipulations, including environmental liability assessments and insurance requirements.
• The lease is for a 30-year term
• The lease is for approximately 86.2 acres of submerged land
• The lease is intended to support military, commercial shipping, green ammonia export, and other emerging industries
• The lease will be subject to environmental liability assessments and insurance requirements
• The lease will require the lessee to restore the leasehold to a "good and marketable condition" within 120 days after termination of the lease