Schatz Secures Extension Of $493 Million Honolulu Rail Funding Grant In Bipartisan Infrastructure Deal
WASHINGTON – Last week, President Joe Biden signed the bipartisan infrastructure deal into law, which includes a provision authored by U.S. Senator Brian Schatz (D-Hawai‘i) that will extend the deadline for $493 million in grant funding for the Honolulu Rail Transit project. The federal funds, a portion of the $1.55 billion federal grant for the project, were set to expire at the end of the year if left unspent. As a member of the Senate Appropriations Committee, Schatz worked with congressional leaders to include the deadline extension and protect the project’s federal funding for another two years.
“My objective was to prevent the loss of these federal dollars. While this extension buys them more time, HART and the City still need to update their financial plan and come back with something that can actually work. They now have an opportunity to focus on what is most important – developing a clear-eyed plan for the people of Honolulu,” said Senator Schatz, Chairman of the Senate Appropriations Subcommittee on Transportation, Housing, and Urban Development.
The new spending deadline for these funds is December 31, 2023.