Autumn on Lake Audobon

Autumn on Lake Audobon
Autumn on Lake Audubon, Photo by Alison Kamat

Saturday, May 7, 2011

Loan plan could bring lower toll road rates. Fairfax Times, May 6, 2011


Although much of the recent debate about the costs of extending Metrorail service to Dulles Airport has focused on the airport station, a federal government decision will have an even bigger impact on future rates on the Dulles Toll Road.

The Metropolitan Washington Airports Authority plans to apply for about $1.7 billion in federal loans under the Transportation Infrastructure Finance and Innovation Act. This would allow the airports authority to borrow funds at a much lower rate and with more flexible terms than on the private bond market, potentially lowering overall costs by 20 to 30 percent.

Whether the U.S. Department of Transportation ultimately approves the TIFIA loans for the project will have a significant long-term impact on the cost to use the Dulles Toll Road. . . .
 For the rest of this Fairfax Times article, click here.  

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