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FOR IMMEDIATE RELEASE January 29, 2006
Honolulu Mayor Mufi Hannemann concluded his Mainland trip by riding and inspecting the Las Vegas Monorail and visiting with officials of Transmax Group, which led the project’s financing, and Bombardier, which developed and operates the system.
According to Transmax officials, the
“The private sector participation in the system is overwhelming,” said Hannemann. “I came away with ideas on how to encourage and entice public-private partnerships to finance
In addition to substantial financial support from many hotels and casinos, the Las Vegas Monorail also sought other corporate sponsorship for its trains and stations. For example, the giant Nextel-Sprint wireless communications firm sponsors the monorail station at the
According to Bombardier officials, the $650 million Las Vegas Monorail came in “on budget, on time.” It began operating in 2004, and suffered some initial operational problems.
“I was interested to learn how they overcame their early difficulties and transitioned to what is now a smooth operation that’s running in the black,” Hannemann said. “A key advantage is that Bombardier was contracted to design, build, operate and maintain the Las Vegas Monorail. That way, you’re able to hold the contractor’s feet to the fire when problems occur.”
Hannemann said the fully automated system is heavily used by tourists. Ridership runs from 25,000 to 50,000 passengers per day, with local residents paying one dollar and everyone else five dollars per ride. There are seven stations along the four-mile line, and trains stop every three to four minutes. Officials are planning to expand the monorail to serve
Bombardier also developed the
While in the nation’s capital, Hannemann called on Senator Patty Murray of
Mayor Hannemann returns to
Bill Brennan, 527-6928
Mark Matsunaga, 527-5767
|Monday, January 30, 2006|