NO CASH COW

 Cayetano unveil s FAST plan at $1.1 billion http://bit.ly/R2Z0oG

"Longtime transit leaders like Chicago, New York City and San Francisco are planning new BRT(Bus rapid transit) services, while less transit-focused places like Hartford, Conn.; Jacksonville, Fla.; and Montgomery County, Md., are pursuing it as well. At a time when localities are struggling financially, it’s a cost-effective option." http://bit.ly/SNiB0y

THE MONEY RAIL

Honolulu rail transit board approves $7.2M change order for Kiewit

The Honolulu Authority for Rapid Transportation board of directors went into executive session Thursday two hours into its regular meeting in Kapolei to discuss its legal strategies in the wake of last week’s Hawaii Supreme Court ruling that said construction of the rail project should not have started before an archaeological survey was completed for the entire 20-mile line.

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."

HERE COMES THE FLIP FLOPPIN'

Hawaii judge strikes rule used for Honolulu rail contracts

WAAAAAAAAAAY OFF

Honolulu cuts federal fund projections for rail by $300M

Pacific Business News

Date: Friday, September 23, 2011, 7:05am HST - Last Modified: Friday, September 23, 2011, 9:51am HST

A consultant's report questioning the financing assumptions the City and County of Honolulu made for its rail project that was criticized as "shoddy" by Mayor Peter Carlisle caused the city to lower by $300 million its projections about the amount of federal funding.

Honolulu Civil Beat reports that a draft financial plan changed the forecast for the "bus discretionary" funds to $117 million, down from $419 million.

COULD IT HAVE BEEN ????

Tsunami damage in Hawaii estimated at tens of millions - Hawaii ...

www.hawaiinewsnow.com/.../tsunami-damage-in-hawaii-estimated-at...

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The total combined in Hawaii damage for the March 11 tsunami is more than $300 million, according to the governor's office, and that estimate is expected to ...

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Hawaii Tsunami Damage In 'Tens of Millions' - Honolulu Civil Beat

www.civilbeat.com/.../9632-hawaii-tsunami-damage-tops-300-millio...Cached

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Mar 14, 2011 – UPDATED 4:05 p.m.** Governor's office erred on earlier tsunami damage estimate of more than $300 million.

Hawaii tsunami damages estimated at $30 million - Hawaii News ...

www.staradvertiser.com › News › BreakingCached

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Mar 24, 2011 – Hawaii disaster response officials estimated Thursday the state suffered damages exceeding $30 million during this month's tsunami, and Gov. ...

WORKIN IT

Bombardier loses latest appeal of Honolulu rail contract

Ansaldo Honolulu Joint Venture was awarded the core system’s contract, valued at $1.4 billion. Sumitomo Corp. of America    Latest from The Business Journals Sumitomo Corp. says it won't appeal rail ruling , the third bidder, lost appeals with the city and DCCA, but did not pursue the matter in state court.

Bombardier: Letter to HART 'an unusual step
Follow this company Sumitomo Corp. of America

ANNNNNNND, THE SHOW BEGINS!

Bombardier asks FTA to terminate rail core systems contract

http://www.bizjournals.com/pacific/news/2011/08/15/bombardier-asks-fta-to-terminate-rail.html?ed=2011-08-15&s=article_du&ana=e_du_pub

Honolulu rail authority asks Sumitomo to extend pricing offer -