Race To The Finish For Federal Rail Money06/08/2012
Even under Honolulu rail chief Dan Grabauskas' own timeline, a deal guaranteeing $1.55 billion in federal funding might not be done until after the election that could see anti-rail candidate Ben Cayetano elected mayor.
"We are absolutely on schedule," Grabauskas told Civil Beat after Thursday morning's meeting of the Honolulu Authority for Rapid Transportation Budget and Project Oversight committees. "Can't you see how relaxed I look?"
Grabauskas' smile was a holdover from a day earlier, when the Honolulu City Council gave final approval to four key rail bills, including the operating and capital budgets for the coming fiscal year and a line of credit proposal that HART had sought to bolster its financial plan. That last vote clears the way for HART to submit an updated financial plan and application for a Full Funding Grant Agreement to the Federal Transit Administration within a week to 10 days, Grabauskas said.