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

Posted on April 7, 2016


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

LA Metro unveils new tunnel boring machine named Angeli

At the event Board Chair Fasana awarded TAP Cards to students who won contests to name the TBM and create an illustration for its tail shield.

Bombardier confirms progress on turnaround plan

The actions support the company’s efforts to build its earnings growth potential and highlight its focus on improving productivity, reducing costs, and optimizing its worldwide footprint to deliver increased value to customers and shareholders.

BYD enters mass transit market with low-cost train

The light rail technology is applicable to small and medium-sized cities, heavy traffic routes, CBD’s and routes connecting tourist attractions in large cities, according to the company.

MBTA forgives $839K in fines stemming from 2015 winter performance

According to the report, the company said that the forgiven fines regarded maintenance issues, and that the MBTA agreed to waive them amid evidence that maintenance workers were pulled from their regular jobs to help shovel off tracks and shorten delays.

Brookville set to deliver second QLine streetcar

Each red and white streetcar will seat 125 passengers and feature Wi-Fi, vertical bicycle racks, and an HVAC unit. M-1 officials said that its delivery schedule and testing remain on schedule, with track testing set to begin later this fall.

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