Hawaii Cost Overruns for Non-Operator's Non-Consent Option

State:
Multi-State
Control #:
US-OG-700
Format:
Word; 
Rich Text
Instant download

Description

This form provides that when Operator, in good faith, believes or determines that the actual costs for any Drilling, Reworking, Sidetracking, Deepening, or Plugging Back operation conducted under this Agreement will exceed a designated of the costs estimated for the operation on the approved AFE, the Operator will give prompt notice by telephone to the other Parties participating in the operation, as well as delivering a supplemental AFE estimating the costs necessary to complete the operation. Each Party receiving the supplemental AFE shall have forty-eight from receipt of the notice to elect to approve Operators recommendation or propose an alternative operation.

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FAQ

The new project cost was $8.165 billion with media reports indicating that after financing charges are included it could be over $10 billion. An updated schedule for opening said the section from East Kapolei to Aloha Stadium will open at the end of 2020 and operation of the full route by December 2025.

way ride on the rail will cost passengers $3 ? the same price for a single ticket as Hawaii's bus system. Similar to riding The Bus with a HOLO card, riders will need to ?tap? their cards on the HOLO card reader. These card readers will be located at the fare gates at the entrance of each station.

Answer. Hawaii?a U.S. territory since 1898?became the 50th state in August, 1959, following a referendum in Hawaii in which more than 93% of the voters approved the proposition that the territory should be admitted as a state. There were many Hawaiian petitions for statehood during the first half of the 20th century.

HONOLULU, July 13, 2023 >> The actual cost to operate Skyline in fiscal 2024 is probably going to amount to about $54 per passenger ? the highest cost among all light-rail systems in the United States ? ing to new research from the Grassroot Institute of Hawaii.

On January 18, 1778, the English explorer Captain James Cook becomes the first European to travel to the Hawaiian Islands when he sails past the island of Oahu.

Since then the anticipated cost of the project has ballooned to nearly $10 billion including interest charges, and completion of the shortened rail line is now expected in spring of 2031.

Hawaii became part of the union more than six decades after an illegal coup ousted the Native Hawaiian monarchy. More than 60 years after the overthrow of the Hawaiian monarchy, Hawaii (Native spelling: Hawai?i) officially became America's 50th state on August 21, 1959.

For others it was a novelty to be among the first to travel the initial nine-station, 11-mile route from East Kapolei to Halawa, many with their children and grandchildren. The launch of the $9.8 billion Skyline rail system was not without incident, however.

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Hawaii Cost Overruns for Non-Operator's Non-Consent Option