Rail

Honolulu's rail transit costs could rise by up to $700M

Posted on December 23, 2014

HONOLULU — Unless the Honolulu Authority for Rapid Transportation takes immediate action, the cost of its rail transit project could rise between $550 million to $700 million, Pacific Business News reported.

Dan Grabauskas, HART’s executive director/CEO blames higher construction costs, as well as the costs associated with legal delays and other factors, for the potential increase.

Among other measures, HART says that discussions should move forward on whether to extend the City and County of Honolulu's General Excise Tax surcharge, which is paying for 70% of the project. HART also is looking at an "improved borrowing plan" that would save up to $75 million, as well looking for alternative sources of revenue, including public-private partnerships. For the full story, click here.

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

More News

FTA delays decision on $650M Caltrain electrification project

In a letter sent Friday, the same day a decision was due, the agency said it was deferring a ruling so the project could be considered as part of President Donald Trump’s budget. No timeline was given in the letter.

Amtrak CEO calls for new era of infrastructure investment

Moorman outlined projects that warrant significant investment including construction of the Portal North Bridge and new Hudson Tunnels in New Jersey.

Bill introduced requiring greater transparency about train safety audits

The measure was unveiled by two House Representatives from New Jersey, where it was found after a deadly crash in September that NJ Transit was the subject of a deep federal audit.

City to sue Sound Transit, WSDOT over light rail expansion plans

Mercer Island residents — even when driving solo — have had access to I-90's high-occupancy vehicle lanes, however later this year when construction gets underway to add light rail across the I-90 express lanes, that access will go away.

Wash. state Governor budgets $1M to study high-speed rail

The study would come at a time when transit agencies and departments of transportation around the U.S. are watching President Donald Trump for signs of what they can expect in terms of federal funding in the next four years.

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