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Wednesday, December 19, 2012

Honolulu Rail Project – U.S. Department of Transportation Signs $1.55 Billion Funding


United States Transportation Secretary Ray LaHood has announced that the U.S. Department of Transportation has signed a deal which will provide the city of Honolulu with $1.55 billion of federal funding for the Honolulu Rail Project. Many Hawaii officials credit the late Senator Daniel Inouye, who passed away on Monday, for his tireless work in Congress for making this funding possible. The project is still on hold until an archaeological survey of the entire route has been completed. However, rail officials believe that the survey should be done within the next month or two and hope to have the court allow them to resume construction in the first quarter of 2013.
Source: Honolulu Star Advertiser, 12-19-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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