Bonds

Hawaii Gov. David Ige released a list of $392 million in capital improvement projects Monday that will be paid for with funding approved by lawmakers earlier this fall.

The projects — that will be administered by the appropriate state departments — support priorities Ige said he has advocated for during his eight years as governor. Ige terms out this year.

“It’s been gratifying to partner with the Legislature to provide improved facilities where they’re needed the most,” Ige said. 

Lt. Gov. Josh Green and his running mate, state Rep. Sylvia Luke, were elected to replace Ige. Green defeated Duke Aiona 63.9% to 34.7%, according to Honolulu Civil Beat.

The funding was released in September and October for the projects that support affordable housing, education, environmental protection and essential infrastructure in the state.

“Projects such as these are critical components of the public infrastructure and contribute to building a better home for our kupuna, keiki and all the residents of Hawaii,” Ige wrote in a letter attached to the list.

Airport projects included $1.8 million toward $2.8 million in improvements to the airport control tower at Kalaeloa Airport in Oahu; $4.6 million toward the $9.2 million cost of statewide airport projects and $1 million toward the $16.6 million cost to improve the inbound baggage handling system at Kahului Airport on Maui, and $1 million toward the $461 million terminal extension project at Inouye International Airport on Oahu.

King Kekaulike High School is receiving $15 million to fund the cost to design and construct a theater. The Koloa Elementary School on Kauai will receive $932 million for improvements. Education is funded at the state level in Hawaii.

The funding will also provide a $41.5 million cash infusion for the Rental Housing Revolving fund for affordable housing on Oahu.

It also includes tens of millions to support water quality projects across the state.

Articles You May Like

Renewed inflation fears stalk central bankers as markets shudder
Munis sell off as macroeconomic, policy volatility weigh heavily over markets
Goodbye to Berlin, Europe’s self-effacing capital
Record $600bn pours into global bond funds in 2024
UK inflation rises to 2.6% in November