HONOLULU (KHON2) — HART released its newest recovery plan on Friday, April 29 pegging the cost of a shortened rail route at nearly $10 billion.
HART said the estimated cost to complete rail to Civic Center instead of Ala Moana is $9.1 billion plus another $785 million in financing costs. The total would be to $9.9 billion.
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Operational readiness is slated for March of 2031.
HART said getting to Ala Moana would cost $11.3 billion, and they don’t have a source to patch that money gap.
The Federal Transit Administration requires the recovery plan by June 30 in order to release the rest of their federal grant money which is $744 million.
The plan also defers building the Pearl Highlands parking garage after the tab came in at a whopping $330 million.
The FTA has signaled it may allow the route to be shortened.
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The HART board and City Council have to approve the plan before it can go to the federal government.