Feds Demand Stronger Financial Plan

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honolulu-politics:

The city’s good news today about rail doesn’t come without caveats, and we explore them in our story just published to Civil Beat. Here’s a snippet:

The letter said the FTA has rated the Honolulu project as “medium-high” and said the city has work to do before the FTA will agree to provide the federal funding via a Full Funding Grant Agreement (FFGA).

“Regarding the Financial Capacity Assessment, FTA notes that the financial plan HART submitted is sufficient to advance the project into final design,” the letter states. “However, it must be further strengthened before FTA will consider awarding an FFGA.”

Read the full story: Feds OK Final Rail Design Work, But Demand Stronger Financial Plan

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