Outside Expert to Feds: Honolulu Rail Is Ready10/04/2012
WASHINGTON — The independent engineering consultant required by the Federal Transit Administration to perform due diligence on Honolulu rail says in a new report that the project's cost estimate, risk and contingency are all reasonable and worthy of a federal funding guarantee.
The 63-page readiness report was produced by the Project Management Oversight Contractor, St. Louis-based Jacobs Engineering Group, and provided to Civil Beat Wednesday afternoon. It can be viewed in full at the bottom of this article.
"The PMOC has determined that the grantee has completed the following steps necessary to execute an FFGA: adequately defined the Project’s scope, schedule, and cost; developed an approvable PMP and supporting documents; and, has demonstrated sufficient technical capacity and capability," the report's executive summary conclusion reads. "The PMOC recommends that the FTA execute an FFGA with the grantee" that identifies a $5.12 billion budget and Jan. 31, 2020, revenue service date.
The FTA is still reviewing Honolulu's Full Funding Grant Agreement application, and has said it expects to sign the FFGA before the end of the year. That's an important deadline; the project's federal funding eligibility will expire if the Dec. 31 deadline is missed.