Reston Spring

Reston Spring
Reston Spring

Tuesday, March 6, 2012

Cost estimate for Dulles Rail Project on target, WTOP, March 6, 2012

Adam Tuss, wtop.com

WASHINGTON -- A shot in the arm for the Dulles Rail Project Tuesday as the Metropolitan Washington Airports Authority (MWAA) has put a definitive cost estimate on the second phase.
And the cost estimate is right on target.
There have been many questions about the overall price tag for Phase 2 -- the 11.4 mile section that will run from Reston to Dulles International Airport and continue into Loudoun County. The head of the project said Tuesday the official estimate is about $2.7/$2.8 billion, which is the price estimate project leaders were hoping for.
. . . So why does this $2.7/$2.8 billion figure matter?
For the first time, all the invested parties in the project can take a look at the cost estimate and decide whether they are in or out. If the number had come in any higher than $2.8 billion, there could have been further complications that could have put the project in jeopardy.
Loudoun and Fairfax counties both have 90 days to review the figures, and decide if they want to move forward with the project.
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