Contingency fund helps city hide true cost of rail project

By David Shapiro

POSTED: 01:30 a.m. HST, Jun 20, 2012

~~<p>The speed at which tens of millions of dollars are flying out of the city's contingency fund for the $5.27 billion rail system is another red flag about the sloppy management of this massive project.</p>
<p>According to the Star-Advertiser's Kevin Dayton, the Honolulu Authority for Rapid Transportation has already tapped $30 million of the $865 million contingency fund, mainly to pay for construction change orders.</p>
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The speed at which tens of millions of dollars are flying out of the city's contingency fund for the $5.27 billion rail system is another red flag about the sloppy management of this massive project.

According to the Star-Advertiser's Kevin Dayton, the Honolulu Authority for Rapid Transportation has already tapped $30 million of the $865 million contingency fund, mainly to pay for construction change orders. Login for more...