HONOLULU— A new report on Honolulu’s rail project estimates the price tag to be $8.3 billion, about $134 million more than the city’s current projection.
HONOLULU— A new report on Honolulu’s rail project estimates the price tag to be $8.3 billion, about $134 million more than the city’s current projection.
The report by the independent consultant Jacobs Engineering Group indicated the project could be operational by September 2026, about nine months later than the date the Honolulu Authority for Rapid Transportation projected.
The Honolulu Star-Advertiser reports the review was conducted on behalf of the Federal Transit Administration, which has withheld about $744 million of the $1.5 billion the agency promised in late 2012. The rest of the funding is pending on a project-recovery plan for how the authority intends to address rising costs.
Authority officials say the cost estimate has not risen significantly since May 2016.
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Information from: Honolulu Star-Advertiser, http://www.staradvertiser.com
