$7.1 billion cost, so far, with only around 400,000 taxpayers. The project was initially projected to cost $4.6 billion.
“We have not yet opened the bids for the final 10 miles and the final 12 stations,” he said. “That’s going to make or break us.”
Benjamin J. Cayetano, a former governor of Hawaii and longtime critic of the project, argued that officials lowballed the original estimates of what it would cost to win voter approval.
“What is happening is what most of us predicted would happen,” he said. “The way I look at it, it might hit $9 billion. They haven’t hit the hardest part yet.”
http://www.nytimes.com/2016/03/21/us/hawaii-struggles-to-keep-rail-project-from-becoming-a-boondoggle.html
http://justacarguy.blogspot.com/2015/04/around-700-million-over-budget-and-not.html
“We have not yet opened the bids for the final 10 miles and the final 12 stations,” he said. “That’s going to make or break us.”
Benjamin J. Cayetano, a former governor of Hawaii and longtime critic of the project, argued that officials lowballed the original estimates of what it would cost to win voter approval.
“What is happening is what most of us predicted would happen,” he said. “The way I look at it, it might hit $9 billion. They haven’t hit the hardest part yet.”
http://www.nytimes.com/2016/03/21/us/hawaii-struggles-to-keep-rail-project-from-becoming-a-boondoggle.html
http://justacarguy.blogspot.com/2015/04/around-700-million-over-budget-and-not.html
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