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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. . . .