"In the report, Jacobs doubted whether the city will have rail ready to operate by its latest December 2025 deadline, and it flagged continued uncertainty over the project’s largest outstanding construction contract — the final 4.3 miles of guideway and eight stations.... 

"Responding to the Jacobs report, Robbins said its scheduling doubts are being addressed with a new strategy...now HART plans to bid the utility work under a separate contract and start the work in March."

Time will tell. If HECO and the legislature are fearful of utility problems then these problems will be solved at the very start of the second phase. The cost may be much less and take much less time than was feared and the finished utility work will speed up progress in construction for the rest of the rail. 2025 is in the distant future and Jacobs is just being alarmist here.