| MWAA approves Dulles extension funding agreement |
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| Thursday, November 17, 2011 | |
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The Metropolitan Washington Airports Authority Board of Directors unanimously approved a resolution ratifying a Memorandum of Agreement that will ensure the continuation of the Dulles Rail extension to Loudoun County. The Memorandum of Agreement is a multi-party agreement that outlines the fiscal responsibilities of federal, state and local entities in the estimated $2.8 billion phase 2 of the rail project. In addition, the board approved an agreement between the Airports Authority and the Commonwealth of Virginia on the use of a project labor agreement in Phase 2. "This momentous vote assures a new and better level of regional cooperation will go forward on behalf of this important transportation project, so that we will be able to reduce costs and so that drivers who use the Dulles Toll Road will see less steep toll hikes than originally estimated," said Charles Snelling, chairman of the board. "More importantly, this MOA demonstrates real cooperation between our board, the U.S. Department of Transportation, the Commonwealth of Virginia and Loudoun and Fairfax Counties."
Phase 2 of the Dulles Rail project was originally scheduled to be partly funded with tolls, but last week the Department of Transportation announced additional Transportation Infrastructure Finance and Innovation Act funds that would be available for the project. In addition, Loudoun and Fairfax Counties have agreed to fund construction projects associated with the extension, such as the building of parking garage. Both actions will help reduce tolls. |
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