Honolulu gets more time for rail cost plan

Honolulu gets more time for rail cost plan

HONOLULU (AP) - Honolulu is under a loosened federal deadline to find ways to fully fund its multibillion-dollar rail project.

The Federal Transit Administration said in a letter to Mayor Kirk Caldwell that it would give the city until Dec. 31 rather than Aug. 7 to come up with ways to bridge the project's funding gap.

Costs are estimated around $1.5 billion over budget.

Caldwell had wanted a deadline after the upcoming legislative session. He has suggested shortening the route to stay within budget.

The letter also said federal officials and the Honolulu Authority for Rapid Transportation will meet to come up with an interim plan due in late September.

Caldwell said he is grateful the administration recognized that financial planning to finish the project to Ala Moana would require more time.

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