FAIRBANKS - The Army has turned over services at three installations to Doyon Utilities.
The privatization process completed Friday took less than a year and is expected to save the military money in operations and maintenance costs at Fort Wainwright, Fort Greely and Fort Richardson.
Doyon Utilities is a joint venture between Doyon Properties and Fairbanks Sewer and Water.
It assumed ownership and operations of 12 utilities at three Army posts in what company officials say is the largest utility privatization contract ever awarded by the U.S. military.
Doyon Utilities President and CEO George Gordon says the utility provider was awarded the 50-year, $3.9 billion contract last fall.