New construction bids show the costs to build Honolulu's rail transit system are rising sharply -- and local transit leaders remain uncertain whether they'll ultimately be able to deliver the project on budget.
This week, rail officials opened three bids to build the transit system's first nine stations. Each of those bids exceeded the project's budget for that work by more than $100 million.
The least expensive bid -- a $294.5 million proposal from Nan Inc. -- still exceeded what rail officials had budgeted by about 60 percent.
"Clearly our estimates right now are suspect," Honolulu Authority for Rapid Transportation board Vice Chairman Don Horner said Thursday.
[surprise surprise surprise]
No comments:
Post a Comment