Honolulu rail line CEO estimates project is short $3 billion
HONOLULU (AP) — The new interim CEO of Honolulu’s planned rail line estimates the project is short $3 billion.
The assessment comes as the Honolulu Authority for Rapid Transportation prepares a plan to pay for the final leg of the 20-mile project from Kapolei to Ala Moana Center. The U.S. government in December gave the agency a one-year extension on a deadline to detail its plans. HART must now submit its plans by the end of the year.
Lori Kahikina told the Honolulu Star-Advertiser the agency’s draft response showed “what we’re looking at is about a $3 billion shortfall.”
“The majority is the increase in cost and construction costs and how we do things. There’s a huge gap that we need to fill. … I don’t have the answers how to fix it,” Kahikina said.