2 replies to this topic

[KevinKorell]

Progressive Railroading, 12/23/14: 

 

 

 

Honolulu transit-rail project costs exceed original budget

 

 

Honolulu Authority for Rapid Transit's (HART) rail project could cost at least $500 million more than originally budgeted, according to a financial plan unveiled at last week's board meeting.

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[Sloan]

 

 

Honolulu Rail Construction Proposals Millions Higher Than Expected

 

Despite the seemingly bad news, Honolulu's top transit official is optimistic about future bids based on changes made to the procurement process.

http://www.civilbeat...-than-expected/

[CNJRoss]

Star-Advertiser, Honolulu, HI 9/15/15:

 

Honolulu rail shortfall now projected at over $1B

 

Honolulu’s rail transit project could now cost $200 million more to build — bringing its projected shortfall to more than $1 billion — and take about a year longer to complete, those overseeing the project now say.

 

That $200 million would be added to the already $910 million shortfall that the project currently faces, according to a letter sent Tuesday by Don Horner, the Honolulu Authority for Rapid Transportation's new board chairman, and HART Executive Director Dan Grabauskas to Mayor Kirk Caldwell and City Council Chairman Ernie Martin, providing an update on the project.

 

The updated figure assumes that it could be more costly to build rail than officials have already estimated, even factoring in the most recent price hikes, as the project enters “a more challenging, costly environment including the restricted Honolulu International Airport location and the urban City Center,” Horner and Grabauskas’ letter states.

 

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