The city originally estimated APEC would cost $43 million. Turns out it cost only $21 million, coming in over 50 percent under budget.

Mayor Peter Carlisle announced the savings at a press conference today. Some details from a city press release:

The Honolulu Police Department expended $10.5 million of the $18.3 million allotted for APEC in fiscal years 2011 and 2012. “Due to excellent city, state, federal, and private sector partnerships and extensive preparation, Honolulu was fortunate that we did not have any large protests, allowing for the $7.8 million savings,” said Police Chief Louis Kealoha.

Fire Chief Kenneth Silva said the Honolulu Fire Department saved approximately $2 million through prudent planning, management and implementation of its APEC security plan. HFD strengthened relationships with other government agencies, added new equipment, and implemented new policies that have improved the department, he said. “In short, HFD’s participation in APEC benefitted Oahu’s citizens and visitors by creating a more robust and dynamic emergency response force,” Silva said.