Jul 2, 2012 8:40 PM
PHOENIX (AP) - A project to build a train that will shuttle passengers between a light rail station and Phoenix's Sky Harbor Airport isn't likely to be finished at its original price of $1.2 billion.
The Arizona Republic reports that the PHX Sky Train is being constructed in stages, largely because the Phoenix Aviation Department does not yet have the full funding arranged for the project that's now in its sixth year.
Records show costs are expected to reach $1.6 billion by the time the project is completed, but a newsletter from the U.S. Department of Transportation shows the cost of the PHX Sky Train could top $2.3 billion.
Phoenix Aviation Department officials insist the project is "on time and within its approved budget."