By Walt Hickey Gravel Alaska’s North Slope, which encompasses some of the northernmost parts of the state, is increasingly short on gravel, of all things. Gravel is hard to come by, and is necessary to build new construction, roads and runways that keep the remote region tied into the rest of the state. As it stands, two Ukpeaġvik Iñupiat Corporation gravel pits have been exhausted over the past three decades, and now they are trying to develop a new one. Difficulties sourcing gravel mean that necessary infrastructure projects are seeing sky-high costs for construction that anywhere else in the country would be downright routine, such as a $330 million sea wall that stretches for just five miles, and projects being quoted
Looks like Ukpeaġvik Iñupiat Corporation has a rocky future!
(Thank you; I’ll show myself out now)
Gravel would be an option interesting target for a Econ class. Supply dwindling. Demand high. Available circulating capital up....big price rises.