Municipal Bond Credit Report: Honolulu rail project gets a scathing audit ahead of bond sale

Municipal Bond Credit Report: Hawaii’s state auditors released two reports highly critical of Honolulu’s 20-mile rail transit project just ahead of plans to price $250 million in general obligation bonds for the project. Construction costs for the 20.1-mile automated elevated transit line project have ballooned to $8.29 billion from the original estimate of $5.1 billion in 2012. … Link to Story