Financing issues remain on second phase of rail project, Fairfax Times, August 19, 2011

Fairfax, Loudoun and MWAA boards hope to resolve matter with September vote

by Kali Schumitz, Staff Writer 

 

The funding partners for the new Dulles corridor Metrorail line have made little progress over the last few weeks in finalizing a new funding agreement for the second phase of the project.

The Metropolitan Washington Airports Authority, Fairfax and Loudoun counties and the Commonwealth of Virginia reached tentative agreement last month on the basic framework of a funding agreement that would cut up to $1 billion out of the shared costs of the new rail line. However, the parties are still negotiating key details in a process led by U.S. Secretary of Transportation Ray LaHood.

Discussions are now taking place at the staff level, and the group is hoping to have a final document in September that each of the three boards can vote on.

There are essentially six issues that remain unresolved, . . .

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