Honolulu officials submit new light rail plan to FTA

The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.

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September 20, 2017

Honolulu officials submit new light rail plan to FTA — The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.
HART

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HONOLULU — The Honolulu Authority for Rapid Transportation (HART) released its recovery plan for its light rail project, which was due to the Federal Transit Administration (FTA) late last week, KHON reports.

The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025. Financing charges of $858 million are also projected, bringing the total project amount to $9.023 billion, including contingency.

Officials say the updated project financial plan reflects the recent deliberations and actions of both state and city governments to provide additional local funding for completion of the construction of the project to Ala Moana Center. For the full story, click here.

Topics:budget issues financial issues FTA funding Hawaii Management Rail

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