Superferry Granted $200 Million Loan
POSTED: 3:00 pm HST October 28, 2005
UPDATED: 3:22 pm HST October 28, 2005
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HONOLULU -- The company trying to launch the Hawaii Superferry in the islands took a huge step toward that goal in Washington on Friday.Federal maritime officials said Hawaii Superferry officials signed documents with private investors and the federal government Friday closing on $200 million in financing.The loan has been guaranteed by the U.S. Maritime Administration for the construction of two high-speed catamaran-style ferries that would link Honolulu with Maui and Kauai.The planned ferry hit a roadblock when environmental groups challenged the project, saying it lacked a proper environmental review.The project is expected to launch in 2007.
Previous Stories:
- September 30, 2005: Judge Clears Way For Inter-Island Ferry
- March 3, 2005: Senators Sink Environmental Study For Superferry
- January 26, 2005: CEO: Superferry Needs $40M Loan
- March 5, 2004: New Ferry Planned For Inter-Island Travel
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