Honolulu's rail project's shortfall could hit $1B

HONOLULU — The Honolulu Authority for Rapid Transportation's (HART) rail project could now cost $200 million more to build — bringing its projected shortfall to more than $1 billion and pushing its target date by another year, the Honolulu Star-Advertiser reported.

The updated figure assumes that it could be more costly to build rail than officials have already estimated, even factoring in the most recent price hikes, as the project enters “a more challenging, costly environment including the restricted Honolulu International Airport location and the urban City Center,” according to HART and city officials. For the full story, click here.