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COST OVERRUNS????
Honolulu mayor asks for $450M credit line in the event the rail project runs out of money due to a "catastrophic, unforeseen event." http://bit.ly/I9e6tb
Rail: Not A Done Deal http://bit.ly/IAlLhX “'No, Mr. Mayor, the federal government will not help defray cost overruns,' Hamayasu replied."
2 comments:
"The 2008 price of the rail was under $3 billion. Without explanation, that number today has multiplied to $5.3 billion."
"By adding the $350 million that Mayors Carlisle and Hanneman already have spent without a public accounting, the rush to lock in a “done deal” approaches $1"billion.
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