The Honolulu Authority for Rapid Transportation (HART), an agency of the City and County of Honolulu, the capital of the US state Hawaii has issued a Request for Proposals (RFP) to select a financial advisor for the Honolulu Rail Transit Project.
The project involves the development of a high-capacity rapid transit service in the travel corridor between East Kapolei and Ala Moana Center in Honolulu, which includes the majority of housing and employment on O’ahu. The service is planned to be a 32km grade-separated fixed guideway transit system with 21 stations. HART has not yet decided whether to utilize a P3 delivery model for the project, though was recommended to do so by Ernst & Young (EY) Infrastructure Advisors earlier this year.
The RFP concerns the provision of P3 financial advisory services should HART decide to utilize a P3 model, including analyzing and working with the technical, legal and transaction advisors to develop and draft a P3 procurement, act instrumentally during negotiations of the P3 contract, identify unique issues associated with P3, and generally act as HART’s key financial adviser for P3 procurements and implementation.
Proposals are due on 14 August 2018, with the contract expected to be awarded on 31 August 2018.