Added projects boost Hawai‘i CIP budget to $3 billion

HONOLULU — With the wrangling over the state budget complete, Hawai‘i is poised to infuse more than $3 billion worth of construction projects into the economy over the next year.

Lawmakers agreed to add about $430 million in new bond financing for capital and repair and maintenance projects, allotting a total of $825 million in general obligation bonds for the year that starts July 1. The added funding was a compromise between the $500 million the Senate envisioned and the $300 million the House and Gov. Neil Abercrombie had proposed for CIP.

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