Wednesday, June 1, 2011

Price of Rail Environmental Study Doubled

Hawaii Reporter obtained this major admission from the City: The cost of the EIS doubled from the original $86 Million to $156 Million. This does not include the likely required Supplemental EIS, Preliminary Design and Final Design. All said, soft costs (paperwork, media and other fees and expenses) for the Hannemann/Carlisle boondoggle will reach one half Billion dollars, which is what other cities pay for fully installed light rail systems!

Honolulu rail is now squarely into SCAM territory.