"BY MALIA ZIMMERMAN - Proponents and opponents of Honolulu's planned $5.3 billion elevated steel-on-steel rail project are nearing the final of a battle over whether the project will actually be built.
On one side, the appointed board charged with overseeing the project, Honolulu Authority for Rapid Transportation, rushed to sign a $1.4 billion 14-year contract on Monday with the financially troubled Italian-owned firm, Ansaldo Honolulu Joint Venture, for car construction, operation and maintenance.
U.S. Senator Daniel Inouye, the most important backer of the project, also is stepping up the pressure, announcing today that Hawaii could be eligible for up to a portion of $510 million in FY 2012 should a full funding grant agreement be signed by the end of 2012. So far, Hawaii has received about $90 million, but Inouye pledged to bring in $1.855 billion should the city keep the project on track."
On one side, the appointed board charged with overseeing the project, Honolulu Authority for Rapid Transportation, rushed to sign a $1.4 billion 14-year contract on Monday with the financially troubled Italian-owned firm, Ansaldo Honolulu Joint Venture, for car construction, operation and maintenance.
U.S. Senator Daniel Inouye, the most important backer of the project, also is stepping up the pressure, announcing today that Hawaii could be eligible for up to a portion of $510 million in FY 2012 should a full funding grant agreement be signed by the end of 2012. So far, Hawaii has received about $90 million, but Inouye pledged to bring in $1.855 billion should the city keep the project on track."
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