Friday, May 24, 2013
VOLCANIC ASH
City officials do the do-si-doon repaying $450M rail loan
POSTED: 01:30 a.m. HST, Jun 06, 2012
~~<p>The City Council appears ready to give final approval today to an additional $450 million line of credit for the $5.27 million Oahu rail proj­ect, despite no clear answers on how the loan would be repaid.</p>
<p>Through the hearings, the Council majority has let the transit authority and city administration slide on dubious assurances that the money will never be spent.</p>
~~
The City Council appears ready to give final approval today to an additional $450 million line of credit for the $5.27 million Oahu rail project, despite no clear answers on how the loan would be repaid.
Through the hearings, the Council majority has let the transit authority and city administration slide on dubious assurances that the money will never be spent. Login for more...
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