HONOLULU (KHON2) — The range of bids the the city revealed on Tuesday, Dec. 15 is $2.7 billion for rail’s fourth and final leg. That caused them to pull out of public private partnership negotiations earlier this fall.
[Hawaii news on the go–LISTEN to KHON 2GO weekday mornings at 7:30 a.m.]
The pricetag from various bidders was coming in more than a billion dollars higher than the budget allowed.
Quotes to operate the system for an exclusive 30-year period neared as much as $3 billion also too high for the city to support.
Even though the city won’t sign on to a P3 they want HART to re-bid the segment as a more traditional design-build contract.
The city says they hope the same organizations who bid on P3 will remain interested in future plans.