December 3, 2010

Report: Honolulu rail plan raises concerns

HONOLULU — A 135-page report released by the state Department of Transportation projected that general excise tax receipts dedicated to the rail system are likely to be nearly one third lower than anticipated in the project's current financial plan, the Associated Press reports.

The report claimed that the project is likely to require more than $1.7 billion in additional capital and operating subsidies from the city over 20 years than is assumed by the financial plan. It also claimed that ridership is likely to be lower than estimated.  For the full story, click here.

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