(CNSNews.com) – The Department of Transportation (DOT) announced that $1.55 billion in new federal tax dollars will be allocated for the first-ever Hawaiian Transit Rail system on the island of Oahu, which will serve downtown Honolulu, at a total federal and state cost of $5.1 billion.
The train circuit will be 20 miles long, with 21 stops on an island that is 30 miles wide.
The transit system will span from the lesser populated island area of Kapolei, and will end at Ala Moana Center Station, approximately 1-3 miles from the University of Hawaii and Punahou School, the high school once attended by President Obama.
The most recent DOT announcement brings the total amount of federal funds going to the Rail project to just under $1.8 billion. Funding will not been given in a single appropriation, but will instead be doled out in increments over the coming fiscal years.
An additional $4 million has been obligated from the American Recovery and Reinvestment Act (the “stuimulus”), and $209.9 million is coming from other sources within the DOT. Both the $1.55 billion and the $209.9 million are proposed funding plans, and will be contingent upon future appropriations from Congress.
The $3.358 billion of the project’s $5.1 billion total cost will derive from Hawaiian sources that include but are not limited to excise taxes paid by Oahu businesses and residents, as well as tourists.