1. H O N O L U L U R A I L T R A N S I T P R O J E C T
FINANCIAL PLAN UPDATE
September 2011 June 2012 Change
Total Project Cost .20% decrease $5.17 Billion $5.16 Billion –$10 Million
Applied Contingency 21% decrease $815 Million $645 Million –$170 Million
FTA Formula Funds
Used for the Project 14% decrease $244 Million $210 Million –$34 Million
Section 5307
Finance Cost 27% decrease $295 Million $215 Million –$80 Million
GET Surcharge Revenue 4% increase $3.15 Billion $3.29 Billion +$140 Million
(Q2 FY10 – FY23)
Ending Cash Balance 133% increase $83 Million $193 Million +$110 Million
www.HonoluluTransit.org (808) 566-2299

2. H O N O L U L U R A I L T R A N S I T P R O J E C T
FINANCIAL PLAN UPDATE
COST CONTINGENCY DRAWDOWN CHART
Entry into
$900 Final Design
FFGA
$800
Project Usage
Airport GW Buffer Zone (Min+10%)
$700
Remaining Total Contingency ($M YOE)
Bid/Award
1st Opening Minimum Values
Actual Drawdown
$600 95% Bid Current Contingency
$500
50% 2nd Opening
Construction
$400 GW Fdns
Complete
$300
75%
Construction
$200 100%
Construction
Full Revenue
Service
$100
FTA RSD
$0
4Q11
2Q12
3Q12
4Q12
2Q13
3Q13
4Q13
2Q15
3Q15
4Q15
2Q17
3Q17
4Q17
2Q18
3Q18
4Q18
2Q16
3Q16
4Q16
2Q19
3Q19
4Q19
2Q14
3Q14
4Q14
3Q11
1Q12
1Q13
1Q15
1Q17
1Q18
1Q16
1Q19
1Q14
Applied Contingency is now $645M and is consistent with the FTA’s recommendation of
15% of the project’s cost.
www.HonoluluTransit.org (808) 566-2299