Rail

Honolulu officials submit new light rail plan to FTA

Posted on September 20, 2017

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
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

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.

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