HART: Full Steam Ahead For Ansaldo Rail Contract10/13/2011
Rail's next stop: a signed $1.4 billion core systems contract with Ansaldo.
More than six months after the city first announced it intended to hire the Italian trainmaker to design, build, operate and maintain its rail cars and track system, it's now just days — or maybe even hours — away from sending a contract to the commpany.
Honolulu Authority for Rapid Transportation Interim Executive Director Toru Hamayasu told the HART Board of Directors Thursday morning that his team has completed its due diligence review of Ansaldo's financial capacity and determined the company is still qualified to do the work despite swirling questions about parent company Finmeccanica.
Those questions haven't died down at all in recent days but instead intensified as the deal with Ansaldo moved toward completion.