Rail

Honolulu rail authority to receive $48M in tax funds

Posted on May 2, 2012

The Honolulu Authority for Rapid Transportation (HART) is set to receive $48.25 million in General Excise and Use Tax (GET) revenue for the first quarter of 2012.

The new HART funds will bring total GET revenue received to date for the rail project to $858.73 million, about $8 million more than projected.

The $48.25 million in current quarterly revenue is slightly less than the $49.02 million in GET revenue received in the previous quarter, but overall revenue remains strong.

The state began collecting the half-percent GET dedicated to the Honolulu rail system in January 2007. The GET for rail is set to expire at the end of 2022.

View comments or post a comment on this story. (0 Comments)

More News

Atlanta Streetcar gets FTA grant to explore system expansion

The FTA monies would go toward an “Atlanta Beltline Transit Supportive Land Use Implementation Plan,” involving 16 miles of proposed east, west and crosstown streetcar corridors.

China developing 300 mph trains to lead export of high-speed tech

Under an ambitious government plan starting this year, the country is developing trains that can run on a hybrid-propulsion system that allows higher speeds.

Part of Amtrak investment package to modernize D.C. Union Station concourse

Early action construction will start in the fall of 2016 and include the relocation of heating and ventilation. Full-phased construction, funded by the new investment package, is anticipated to start in 2017 and will seek to minimize impacts to all station users.

Talgo to return to Milwaukee location to refurbish LA Metro railcars

In 2015, Talgo settled a lawsuit against the state, resulting in the company receiving roughly $50 million and keeping the two trains that were manufactured.

Metra seeks $20M grant for PTC installation

With the grant funding, Metra plans to help fund installation of PTC on its Milwaukee West Line to Elgin and North line to Fox Lake.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close