Rail

Honolulu rail project gets go-ahead to issue bonds to prevent shut down

Posted on June 12, 2017

Musashi1600
Musashi1600

HONOLULU — The Daily Progress reports that the City Council approved a bill to allow the Honolulu Authority for Rapid Transportation (HART) to issue bonds for its financially-troubled rail transit project to keep it afloat through the end of the year.

HART officials said the project would run out of money in January without a cash infusion, and without the bonds, it would have to begin shutting down operations this August.

The project, with cost estimates up to $10 billion, faces a funding shortfall of as much as $3 billion after the State Legislature ended its session without agreeing on a way to fully fund it. The planned 20-mile, 21-station rail line is intended to alleviate traffic from Oahu's West side. For the full story, click here.

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

More News

Back doors of MUNI trains to remain closed until investigation complete

A woman got her hand stuck in a closed door of one of the new MUNI light rail vehicles before falling down onto the track.

Amtrak service rolls out cleaner Siemens diesel-electric locomotives

The new Charger is the first passenger locomotive to receive the stringent Tier IV emissions certification from the EPA.

Shuttered NJ TRANSIT rail services to be restored before target

The new date is nearly two weeks ahead of the agency’s target date.

NHTSA, FRA launch rail crossing safety campaign

In 2018 alone, 270 people were killed at railroad crossings.

San Diego MTS unveils 5000-series Siemens Trolley cars

The new vehicles represent the third generation of modern, low-floor vehicles, which have been in operation since 2005.

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