Topic : budget shortfall

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Report finds Honolulu rail project still $134M short

Rail| July 3, 2018

An independent report from Jacobs Engineering also found that the rail system won’t be ready for service until September 2026.

Honolulu officials submit new light rail plan to FTA

Rail| September 20, 2017

The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.

Rail| August 28, 2017

Lawmakers meet to find solution for $3B Honolulu light rail funding gap

If no solution is found by Sept. 15, the federal government could demand that Honolulu return more than $800 million it has already spent and withhold the rest of a promised $1.5 billion funding package.

Rail| August 16, 2017

Honolulu lawmakers discuss funding options to complete light rail project

The Honolulu Authority for Rapid Transportation has a September 15 deadline to submit its financial plan to the Federal Transit Administration.

Rail| June 20, 2017

Honolulu legislature to hold special session on rail project funding

The project was expected to cost $5.2 billion just a few years ago but is now estimated to cost as much as $10 billion with financing. The city’s latest figures project a $1.384 billion shortfall from now to 2024.

Rail| June 12, 2017

Honolulu rail project gets go-ahead to issue bonds to prevent shut down

HART officials said the project would run out of money in January without a cash infusion, and without the bonds, it would have to begin shutting down operations this August.

Rail| May 31, 2017

Honolulu performs first railcar test on track

The goal was to make sure there's enough clearance along the rail line for the train and there are no obstacles in its path.

Management & Operations| April 17, 2017

MBTA budget targets reduced spending in three key areas

The budget that was approved unanimously by the Fiscal and Management Control Board directs T officials to find $1 million in savings from The Ride, $5 million from the commuter rail, and $8 million from bus maintenance.

Rail| April 13, 2017

Honolulu's senate approves bill to extend tax for rail project

The state’s finance committee chair says the bill would generate $792 million, while also reducing the state’s administrative fee from 10% to 1%, which would create another $397 million, bringing the total of the bill to $1.2 billion in funding.

Management & Operations| April 11, 2017

MBTA considers ways to eliminate $50M deficit

Introducing alcohol ads could boost advertising revenues by $1.5 million to $3 million, the report said.

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