Rail

Officials: Tax extension may not be enough to pay for Honolulu rail project

Posted on April 7, 2016

AnsaldoBreda
AnsaldoBreda

HONOLULU — Three months after the Honolulu City Council approved a five-year extension of a general excise tax, Honolulu Authority for Rapid Transportation (HART) officials acknowledged that extra money may not be enough to pay for Honolulu's rail project, Hawaii News Now reports.

As the city is heading into the most difficult and complicated 10 miles of the rail line in urban Honolulu, HART officials said the extra $1.5 billion expected to be generated by extending the half-percent excise tax hike by five more years might not be enough to cover the rising costs of building the 20-mile project.

Completion of Oahu's rail project is already two years behind schedule and the cost has risen to roughly $6.5 billion — an increase of more than a billion dollars. For the full story, click here.

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

More News

Valley Metro celebrates 10-year 'Railversary'

Valley Metro CEO Scott Smith welcomed a prestigious slate of speakers, including rail city mayors, who shared the transformation that has occurred in their cities over the past 10 years.

CAF USA replacing air compressors on Cincinnati streetcar

The compressors malfunctioned during prolonged subfreezing temperatures last winter.

Keolis to operate 2nd light rail contract in Denmark

The 15-year contract will generate cumulative revenue of approximately $260 million.

Amtrak refurbishes Chicago Union Station Great Hall

The centerpiece of the Great Hall is the 219-foot-long skylight that soars 115 feet above the floor.

Alstom, San Francisco Muni extend train services partnership

Will continue to provide Vendor Managed Inventory services to manage and supply parts for the agency's rail fleet.

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