From the transcript

Because as the mayor just said, and I think we all know now, this is important to Anchorage, it's important to Alaska, and it's really important to America. I like to say we are a resource-rich but infrastructure-poor state. We have enormous resources, but we have less road miles than Connecticut, and we're 120 times bigger than Connecticut. The Port of Alaska is the backbone of our state's economy. And, um, as the mayor said, what this is going to do, what this settlement is going to do, it is going to dramatically help us bring down costs on everything from food and fuel that Alaskans need.