Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.





RAIL EMPLOYMENT



Rail News Home Passenger Rail

9/19/2017



Rail News: Passenger Rail

Honolulu agency files rail-project recovery plan with FTA


The plan outlines how HART will tackle a budget shortfall.
Photo – Honolulu Authority for Rapid Transportation

advertisement

The Honolulu Authority for Rapid Transportation (HART) has submitted to the Federal Transit Administration (FTA) a "recovery plan" for its proposed 20-mile passenger-rail system, Pacific Business News reported yesterday.

The plan includes an updated financial plan for the project, which faces a $3 billion funding shortfall, according to the newspaper. The FTA previously asked HART to create a plan outlining how it will cover that shortfall.

The project's total cost is an estimated $8.16 billion. However, with financing charges of $858 million added in, the total cost would come to $9 billion, according to Pacific Business News.

Hawaii Gov. David Ige earlier this month signed a bill that extends the tax surcharge to pay for HART's rail project. The extended surcharge is expected to generate $2.4 billion in funding for the project.



Contact Progressive Railroading editorial staff.

More News from 9/19/2017