Fact Sheet
Seward 2026: Rebuilding Alaska’s World-Class Port
The Seward Company, on behalf of its partners the Alaska Railroad, Royal Caribbean Group and Turnagain Marine, presents this design-build plan to replace the aging Port of Seward and expand and modernize its infrastructure into a world-class cruise two-berth, floating pier and passenger facilities.
About the Seward waterfront pier replacement project
At the heart of the project lies a state-of-the-art floating double-berth pier, spanning 100 feet in width and 748 feet in length, complemented by a 200-foot-long split-transfer span to facilitate safe and efficient embarkation and disembarkation of cruise passengers and provisioning vehicles. Designed to rise and lower with Alaska’s extreme tides while mooring ships along both sides, the floating structure also elevates the rebuilt Port of Seward to Alaska’s most innovative and functional port, purpose-built to accommodate the cruise industry’s newest ships.
Additionally, a 41,500-square-foot cruise terminal will offer indoor shelter and amenities for passengers, ensuring a seamless and comfortable transition between land and sea adventures. Maximizing the 13 acres of upland space, the integrated transportation hub, terminal building and double-berth pier are designed to streamline the boarding experience while simplifying the operational requirements of a full-service port. Designed for passenger safety, the parking lot features a forward-only vehicle movement pattern, with 32 bus stalls and 48 car spaces.
Who is the Seward Company
The Seward Company leads the project, with Turnagain Marine overseeing the engineering, design and construction of the dock and terminal. Financial backing, totaling $137 million, is secured through a collaborative effort involving the Alaska Railroad, which is landowner and port operator, and cruise company Royal Caribbean Group.
How is the project being funded?
The Seward Company is a private developer group building the new dock and terminal to sell to the Alaska Railroad Corporation. To purchase the project, the Alaska Railroad Corporation bonds will be secured by a long-term use agreement with anchor cruise line Royal Caribbean Group. This innovative financing approach reflects a shared commitment to advancing tourism infrastructure for the future of Alaska.
Who is involved?
The Seward Company is leading the project, with Turnagain Marine designing and constructing the pier and terminal. Ultimately, Alaska Railroad Corporation will purchase the real property with bonds secured with a long-term usage agreement with Royal Caribbean Group.
