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Officials say Dulles overhaul will be funded by bonds and airline contributions; construction could start next spring
Summary
MWAA and transportation officials said the project will be financed with airport bonds and airline contributions (officials cited a $22.5 billion bonded amount) and that permitting remains; they indicated construction could start in spring of next year.
Metropolitan Washington Airports Authority officials and the Department of Transportation described a financing plan for the Dulles renovation that relies on airport-generated revenue and airline contributions rather than federal appropriations. Jack Potter, MWAA CEO, told attendees, "This is not requiring, federal dollars. This is gonna be airport generated dollars, airline contributions," characterizing the funding approach as enabling a quick start.
A transportation official said the project would be "bonded for $22,500,000,000," and that United and other participating airlines would contribute as part of the financing package. Officials said permits remain and that they expect construction to be able to start in the spring of next year if permitting proceeds on schedule.
Event speakers cautioned that some approvals and permitting remain; the lead speaker said the team is seeking necessary congressional approvals where required. Organizers described the approach as using airport and airline resources to accelerate delivery while aiming to limit taxpayer exposure.
