$9bn Rail Transit PPP project timeline in USA
Honolulu Rail Transit PPP Project (HRTP) in Hawaii is facing further delays. Executive director and CEO of the Honolulu Authority for Rapid Transportation Andrew Robbins has announced the delay in the award of the contract for the final stage of the project - a segment from Middle Street to Ala Moana Center. The deadline for bidders to submit the proposals has been moved to April. The contractors, therefore, will be selected in May and the contract signed in June.
The project involves the design, construction and financing of a mostly-elevated railway in Honolulu. The railway will form a 20 mile (32km), 21-station transit system connecting East Kapolei to Ala Moana Center. The private partner will operate and maintain the entire rail system. The private partner will also deliver one Rail Operations Center, and 80 light metro vehicles and associated core systems.
The Authority assures that the delay will not affect the final completion date. The first segment of the rail system is planned to be completed by December 2020, and it will be ready to run by October 2020. The second stage is planned to be completed by 2025.
The project is being delayed for about 6 years and its budget has risen from USD 5.12 billion in 2012 to USD 9.2 billion.
The authority has held the press conference on the project and has assured that the project is stable now and that despite the delays, the budget and the schedule has been maintained for the last three years.
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