The Honolulu Authority for Rapid Transportation has announced that they will be giving Kiewit Infrastructure West, one of the main contractors for the Honolulu Rail Project, $25.9 million for delays caused by the city. This amount represents the actual cost to Kiewit Infrastructure as they sit on the sideline waiting for the Honolulu Rail Project to resume construction due to the city receiving a court order to halt all work until an archaeological survey for the entire route had been completed. Kiewit and HART are in negotiations for other costs that the company attributes to the delay. It is estimated that the city will spend an additional $7 million per month that the project is on hold.
Source: Honolulu Star Advertiser, 12-7-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
