Rail station bids exceed projected budget

Rail station bids exceed projected budget

HONOLULU (AP) - Three bids opened this week for the first of nine stations in a Honolulu rail transit system have come in far higher than estimated.

The Honolulu Star-Advertiser reports each bid exceeded the project budget by more than $100 million.

Transit leaders say it's uncertain whether the project will be delivered on budget.

The least expensive bid for the station was $294.5 million. The proposal from Nan Inc. exceeded what rail officials had budgeted by about 60 percent.

Honolulu Authority for Rapid Transportation board Vice Chairman Don Horner says estimates clearly are now suspect.

HART executive director Dan Grabauskas says the differences are due to a volatile construction market.

Legal challenges stopped construction for a year and Grabauskas says Honolulu's construction market is now red-hot.

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