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News

April 02, 2017

Add proven ‘P3’ option for rail funding

When it comes to the Honolulu rail project, delays and cost overruns have irked taxpayers and elected official alike, resulting in debates about ending the project at Middle Street instead of Ala Moana. Eliminating the critical City Center segment, however, would substantially reduce the project’s public benefits.

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March 20, 2017

Public-Private Partnerships: Study Examines New Options for Rail

Hawaii impact investment firm Ulupono Initiative today released the findings of its P3 Viability Assessment for the Honolulu Rail Transit Project. The comprehensive analysis, carried out by global infrastructure finance leader Jones Lang LaSalle (JLL), was initiated to help the City and County of Honolulu, State of Hawaii, and the Honolulu Authority for Rapid Transportation (HART) determine whether potential alternative finance and delivery structures, such as Public-Private Partnerships (P3), could help bridge the funding gap and/or be leveraged to finalize the project in a timelier and more cost-effective manner.

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