FTA releases $1.55B for Hawaii rail

Posted on December 20, 2012

U.S. Transportation Secretary Ray LaHood participated in a ceremony to sign an agreement to provide $1.55 billion to the City and County of Honolulu on the island of Oahu to build Hawaii’s first-ever rail transit system.

The project is expected to shorten commutes in one of the most congested cities in the nation, provide greater transit options to Oahu’s residents and visitors, and create tens of thousands of construction-related jobs.

“The Honolulu rail transit project, the first of its kind in the state, will bring new transit options to the growing region and create a modern transportation system that is built to last for future generations,” said U.S. Transportation Secretary LaHood. “And though, sadly, Senator Inouye cannot be here with us today, this agreement is a testament to his tireless advocacy on behalf of his state and its people.”

The funding agreement seals the federal commitment to the project — a 20-mile rail line with 21 rail stations that will connect riders with key education, employment and activity centers in Honolulu. The rail corridor encompasses West Oahu, Pearl City, Aloha Stadium, Pearl Harbor Naval Base, Honolulu International Airport, downtown Honolulu, and Ala Moana Center, Oahu’s largest shopping center. Honolulu Authority for Rapid Transportation estimates that the project could generate as many as 10,000 jobs annually during construction.

The Federal Transit Administration is providing just less than $1.8 billion in federal funds for the $5.1 billion project, including $1.55 billion through the Major Capital Investments (New Starts) Program, $209.9 million in federal formula funds and $4 million from the American Recovery and Reinvestment Act. Local taxpayers are providing $3.358 billion — about 65% — of the total project cost through a half-percent General Excise and Use Tax surcharge paid by Oahu tourists, residents and businesses.

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

More News

Dallas' rail-connected development driving regional growth, study says

Completed or under-construction TOD near DART stations has already generated $69 million in state and local tax revenue.

Uber endorses Sound Transit 3 light rail expansion ballot measure

The $54 billion ballot measure would add 62 miles of light rail with stations that would serve 37 new areas and grow the system to 116 miles.

L.A. Metro receives milestone 50th Kinkisharyo light rail vehicle

Currently, there are 38 Model P-3010 vehicles in service and the 50th car should be ready for revenue service by mid-December.

Amtrak bans Samsung Galaxy Note 7 smartphones

Faulty batteries on the phones that can overheat are blamed for fires around the world, prompting Samsung to issue recalls and stop production on the Note 7. The FAA has already banned the phones from all airlines.

DART adds 3 miles to Blue Line light rail system

Connecting an area known as the Education Corridor to downtown by light rail enables more people to discover the academic programs offered at the UNT Dallas, Paul Quinn College and Cedar Valley College.

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



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