
From Metropolitan Washington Airports Authority:
“The Metropolitan Washington Airports Authority board of directors Wednesday approved a $15.5 billion addition to its capital construction budget to fund the transformation of Washington Dulles International Airport.
The board action expands a construction program already underway at Dulles, which is the nation’s fastest-growing international gateway airport, to modernize the 60-year-old airport for the future. The additional funding increases Dulles’ forward-looking construction budget to $19.9 billion over 15 years.
The effort will be funded primarily through bonds issued by the Airports Authority and repaid through normal rates and charges to airline tenants, as well as authority-generated revenue. No taxpayer money is designated for the initiative, unless government grants are made available to cover a portion of the costs. (more…)








