HONOLULU — A city audit found that the Honolulu Authority for Rapid Transportation’s (HART) rail project suffers from unreliable financial plans, with more cost overruns likely, Hawaii News Now reports.
City officials already predict that the $6.5 billion dollar rail project could run an additional $300 to $800 million over budget, however, the audit, which has not publicly released because it's in draft form, has found that HART’s financial plans are not reliable, project costs lack supporting documentation, additional overruns and shortfalls are likely, and there is no plan for operations and maintenance costs. The city is expected to release the audit April 15. For the full story, click here.
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