HI: Rail Leaders Look To Curb Runaway Costs With New Partners

Honolulu rail officials, beset by several years of budget woes, could soon take a different approach to build the final, trickiest 4 miles and eight stations — one that’s backed by private financing.

On Monday, executives with Ernst & Young Infrastructure Advisors told the transit project’s local board that a public-private partnership could get rail done while also limiting taxpayers’ exposure to any future cost increases.

The Honolulu Authority for Rapid Transportation, which is trying to get a handle on rail costs, hired the firm in December to study whether that was a viable option.

Read the complete article at http://www.civilbeat.org/2018/05/rail-leaders-look-to-curb-runaway-costs-with-new-partners/