During a presentation today to the annual Kailua Chamber of Commerce luncheon, Parsons Brinckerhoff’s senior engineer Lawrence Spurgeon said that the earlier $3 billion projection for rail transit given last month did not include a number of items such as trains and rights-of-way.
Spurgeon said that by the time all the costs were included the final price would be in excess of $4 billion.
He also revealed that PB had made a preliminary estimate of $1 billion for the 13-mile, two-lane HOT lanes (aka Managed Lanes) alternative, or $38 million per lane-mile.
While that is a dramatic reduction from earlier city estimates of $100 million per lane-mile it is still far in excess of the $10 million per lane-mile that the Tampa Expressway has cost. The Tampa Expressway opened yesterday