Rail

Honolulu rail authority to receive $48M in tax funds

Posted on May 2, 2012

The Honolulu Authority for Rapid Transportation (HART) is set to receive $48.25 million in General Excise and Use Tax (GET) revenue for the first quarter of 2012.

The new HART funds will bring total GET revenue received to date for the rail project to $858.73 million, about $8 million more than projected.

The $48.25 million in current quarterly revenue is slightly less than the $49.02 million in GET revenue received in the previous quarter, but overall revenue remains strong.

The state began collecting the half-percent GET dedicated to the Honolulu rail system in January 2007. The GET for rail is set to expire at the end of 2022.

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

More News

Sound Transit's Link light rail service marks 10th anniversary

On its opening day in 2009, Link covered 14 miles of service between the Westlake and Tukwila International Boulevard Stations.

Alstom supplying core systems for China's driverless metro line

Nanjing Line 7 is a key metro line in Nanjing’s metro network, which includes 27 stations that connect the southwest to the northeast of the city.

Deutsche Bahn resuming delivery of ICE 4 trains

Siemens and Bombardier reached an agreement with officials on a reworking and testing concept for welds that were occasionally not executed properly.

NYC subway on-time performance passes 80% for first time in 6 years

A contributing factor to the reduction in delays has been the significant progress made in reducing track debris fires.

DART, City of Dallas lock down streetcar operation agreement

It outlines responsibilities related to the planning, design, construction, procurement, operations, and maintenance of the system.

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