Panos Prevedouros's Page

Earlier today I was interviewed by BBC at the Hawaii Public Radio studio about the contribution of rail spending to the bankruptcy of Greece. I have reported to you both the Economist (2011) and the New York Times (2009) coverage.

Greece’s rail extravaganza was about $13 Billion for 11 million…

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Dear Friends, Campaign Volunteers and Supporters,



I would like you to be the first to know that I do not plan to run for Mayor of Honolulu in 2012.



We need to join forces and defeat the rail boondoggle in the courts. Good policies, good solutions, and sound budgets cannot be achieved with a permanent multi-billion dollar eyesore that will be fraught with construction, installation, operation and financing problems for decades.



Let's focus…

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Dear Friend



I’d like to thank you for supporting my last campaign.

 

Though our last campaign was not successful we started to spread the message that Oahu’s transportation issues can be addressed without spending five billion dollars or more than $15,000 per family on Oahu. 



We have seen already that Peter Carlisle has become a ONE ISSUE mayor.  His sole purpose seems to be to build rail at any cost. While he is making multiple trips to Washington DC… Continue

I know you are busy this holiday season and you are fed up with rail info but you really cannot afford to ignore the state's financial report on the rail. Here is your brief.



The purpose of the report is not to say whether rail is good or not. The report explains what the proposed rail will cost and how it compares to others. The decision is ours.



First it's important to mention the impeccable reputation and expert subject knowledge of the primary authors of the report… Continue

First was the 2009 Jacob's risk analysis report comissioned by the FTA. It said this:



At the present stage of pre-Preliminary Engineering, one can be 90% confident that the proposed project will cost between 5.2 and 10.2 billion dollars (Figure 1-1, page 1-10 of Jacobs report.) Once PE is done and the project enters Final Design, then its price tag is expected to narrow: The project will have a 90% chance of being built for a budget ranging between 4.8 and 8.1 billion… Continue