Honolulu rail project's price tag hits $12.4B
Mar. 18The board that oversees the city's troubled rail project expects to be told today that the cost has now ballooned to $12.449 billion, the projected shortfall stands at $3.577 billion and the completion date has been pushed back to March 2031.
There is no clear or easy plan on how to plug the $3.577 billion deficit as the price tag to build the 20-mile, 21-station project continues to rise.
"The cost has significantly increased just over the last several months, " Kika Bukoski, a member of the Honolulu Authority for Rapid Transportation's board of directors, told the Honolulu Star-Advertiser. "We're doing our best to determine the cause and how to control it."
Bukoski supports Lori Kahikina, HART's interim CEO and executive director, who has had a rough week a little over two months into her new job. ..............(more)
https://www.masstransitmag.com/rail/infrastructure/news/21215057/hi-honolulu-rail-projects-price-tag-hits-124b