The rail agency insists it’s still trying to make the P3 deal work though.
The rail agency has struggled to award the last major construction contract to build the full 20-mile transit project.
City Council Chair Ikaika Anderson says “the process sucks,” referring to how this major public-private partnership award is made.
UPDATED: The bids won’t be publicly released until the contract is awarded by unidentified officials. That’s expected to take at least another month.
Most of the top contenders say they would hit the brakes on the $9 billion project if financial hurdles can’t be overcome.
The issue arose at Thursday’s board meeting as members grappled with the latest round of cost increases.
Rail officials didn’t have a clear idea of how much the relocation work would cost when they awarded the contract to get it going.
The transit project has been plagued for years by skyrocketing costs. Now it faces a $100 million slump in the revenues that fund construction.