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Dulles Toll RoadOperations

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v The Dulles Toll Road is a critical transportation link in the region’s infrastructure

v On a typical work day, more than 100,270 vehicles pass through the Dulles Toll Road mainline plaza

v The Toll Road provides access to employment, shopping, and residential communities

Dulles Toll RoadServing our Customers

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Dulles Toll RoadServing our Customers

v Investments are made annually for roadway enhancements

v Dedicated police/emergency forces respond quickly to accidents and incidents, resulting in a 34% decrease in incidents during the first six months of 2012 compared with 2011

v Twenty-four hour priority snow removal keeps travel clear on 112 lane miles of highway

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Dulles Toll Road OperationsDedicated Safety Service Patrol

v Free Motorist Assistance program

v Emergency service to motorists in need: dial #77

2012 Service Statistics (January - June)Courtesy Checks on Stopped Vehicles 429Flat Tire 310Towing Required 257Disabled Vehicles 132Gas Needed 132Debris Removal 129Motorist Assistance 85Abandoned Vehicles 79Jump Starts 41Assist Officer 12Traffic Control 9

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Dulles Corridor Metrorail Project

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Dulles Corridor Metrorail ProjectSilver Line At-a-Glance

v Seamless integration with current 106-mile Metro system

v 23-mile extension that branches off existing Orange Line after East Falls Church Station, providing direct connections to DC without transfers

v 11 new stations - 5 in Phase 1 - 6 in Phase 2

v Phase 1: East Falls Church to Wiehle Avenue in Reston; opens in late 2013

v Phase 2: Wiehle Avenue through Dulles Airport to Ashburn

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Dulles Corridor Metrorail ProjectPhase 1

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Dulles Corridor Metrorail ProjectPhase 1 Construction Progress

v Construction of the Dulles Corridor Metrorail Project is under way along the 11.7-mile corridor, from East Falls Church to Reston

v 80 percent complete

v Construction will be completed in 2013

v Cost is within 5 percent of original budget

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Dulles Corridor Metrorail ProjectWiehle-Reston East

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Dulles Corridor Metrorail ProjectPhase 2

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Dulles Corridor Metrorail ProjectPhase 2 - Scope

v 11.4 mile extension from Wiehle Avenue in Reston to Ashburn

v 6 stations: - Reston Town Center - Herndon - Innovation Center - Dulles Airport - Route 606 - Route 772/Ashburn

v Rail Yard & Maintenance Facility

v 5 Parking Garages

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Dulles Corridor Metrorail ProjectPhase 2 - Key Events

v Request for Qualifications Information Issued July 2012 Package A Solicitation: Rail stations, tracks and supporting infrastructure, traction power sub stations, communications equipment and train control equipment

v Short-list Phase 2 Teams October 2012 v Price Proposals Due April 2013 v Contract Award May 2013

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Dulles Corridor Improvements2010-2012

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Dulles Corridor ImprovementsImprovement Program Includes:

v Reinvesting all revenues into Dulles Corridor

v Improving the Dulles Toll Road travel experience

v Improving safety for drivers and employees

v Upgrading traffic management infrastructure

v Improving noise walls

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Dulles Corridor Improvements2012 Projects

Beulah Road Bridge Rehabilitation Westbound Dulles Toll Road - Pavement Repairs

Erosion and Drainage Repairs Herndon Monroe Toll Plaza Upgrade

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Dulles Corridor Improvements2012 Planning & Studies

Crash-Database Analysis Highway Noise Program

Plaza Optimization and Improvements Study Short-Term Interchange Improvement Concepts

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Dulles Corridor ImprovementsOngoing Highway Studies

Preliminary Engineering to Reconfigure the Main Toll Plaza

Intelligent Transportation System/Traveler Information

Toll Road Changes for the Future Tyson’s Corner

Photos courtesy Fairfax County

Photo courtesy Michigan DOT

Photo courtesy Ohio DOT

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Dulles Corridor ImprovementsOngoing Toll System Planning

v Increased Traffic Throughput

v Efficient Operations

v Lower Emissions

v Increased Safety

v More Payment Options

Photo Courtesy of Florida Turnpike Enterprise Photo Courtesy of Nexus404.com

Photo Courtesy of ITS International

Photo Courtesy of Delaware DOT

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Dulles Corridor ImprovementsNoise Wall Program

2012-2013

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Dulles Corridor ImprovementsNoise Wall Replacements

v Repair and Replacement Program for Existing Noise Walls Complete existing Wall Repairs in late 2012 (9 locations) Noise Wall Replacement in 2013-Wolftrap Meadows Noise Wall Replacement in 2014-Bluffs at Wolf Trap

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Dulles Corridor ImprovementsNew Noise Walls

v New Noise Wall ProgramBriefing to Dulles Corridor Committee was held June 2012Community Outreach to start September 2012Community concurrence forecasted in October 2012Noise Wall Design to start in October 2012, Construction 2013

1. Worldgate Condominiums2. McLean Hamlet 3. Odricks Corner4. Dulles Greene Apartments 5. Courtyard by Marriott and

Summerfield Suites

Design/Construction Package 1 Design/Construction Package 2

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Dulles Corridor ImprovementsNew and Replacement Noise Walls

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Dulles Corridor Metrorail Project Finance Plan &

Proposed Toll Rate Adjustments

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Dulles Corridor Metrorail ProjectFinance Plan

Planned Contributions from Funding Partners

v Allocation based on 100% Preliminary Engineering Estimate for Phase 2. Assumes Fairfax secures $236 million for the Route 28 station and two parking garages, and Loudoun secures $168 million for three parking garages.

v Allocation assumes $150 million to be provided by the Commonwealth of Virginia will be used to pay interest on Dulles Toll Road revenue bonds, not direct project costs.

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Dulles Corridor Finance Plan Current and Anticipated Debt Service

v Over $1.3 billion of Dulles Toll Road revenue bonds have been issued with an overall cost of capital of 6.073%v Approximately $2 billion of additional toll revenue debt may be issued over the next five to six years to complete construction

*Actual amounts will vary depending on the type of debt issued, future interest rates, and several other factors.

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Dulles Corridor Finance Plan Use of Toll Revenue

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Toll RatesProposed Adjustments

Effective January 1, 2013Vehicle Class Mainline Plaza Ramps

2-Axle $1.50 $1.75 $0.75 $1.00 3-Axle $1.75 $3.50 $1.00 $2.00 4-Axle $2.00 $4.50 $1.25 $2.50 5-Axle $2.25 $5.25 $1.50 $3.00

6 or more $2.50 $6.25 $1.75 $3.50

Effective January 1, 2014Option A Option B

Vehicle Class Mainline Plaza Ramps Mainline Plaza Ramps2-Axle $1.75 $2.50 No change $1.00 $1.75 $2.25 $1.00 $1.25 3-Axle $3.50 $5.00 No change $2.00 $3.50 $4.50 $2.00 $2.50 4-Axle $4.50 $6.25 No change $2.50 $4.50 $5.75 $2.50 $3.00 5-Axle $5.25 $7.50 No change $3.00 $5.25 $6.75 $3.00 $3.75

6 or more $6.25 $8.75 No change $3.50 $6.25 $7.75 $3.50 $4.50

v Toll increases beyond 2015 will be analyzed based upon actual financial performance and potential receipt of any additional funding

Effective January 1, 2015Option A Option B

Vehicle Class Mainline Plaza Ramps Mainline Plaza Ramps2-Axle $2.50 $2.75 $1.00 $1.75 $2.25 $3.00 $1.25 $1.50 3-Axle $5.00 $5.50 $2.00 $3.50 $4.50 $6.00 $2.50 $3.00 4-Axle $6.25 $6.75 $2.50 $4.50 $5.75 $7.50 $3.00 $3.75 5-Axle $7.50 $8.25 $3.00 $5.25 $6.75 $9.00 $3.75 $4.50

6 or more $8.75 $9.75 $3.50 $6.00 $7.75 $10.50 $4.50 $5.25

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Toll RatesCurrent Toll Rates in the Region

v The 495 Express Lanes are scheduled to open in December 2012. Project sponsors expect the cost of average trip to be between $5.00 and $6.00.

DULLES TOLL ROAD (13.4 miles) 2 Axles 3 Axles 4 Axles 5 Axles 6 or More Axles

Mainline Toll Plaza $1.50 $1.75 $2.00 $2.25 $2.50 Ramps $0.75 $1.00 $1.25 $1.50 $1.75

Cost per Mile $0.17 $0.21 $0.24 $0.28 $0.32

DULLES GREENWAY (14.0 miles)Mainline Toll Plaza 2 3 4 5 6+

Base Toll $4.00 $8.00 $10.00 $12.00 $14.00 Congestion Management (Maximum)Toll $4.80 $9.60 $12.00 $14.40 $16.80

Cost per Mile $0.34 $0.69 $0.86 $1.03 $1.20

MARYLAND INTERCOUNTY CONNECTOR (16.0 miles)Interstate 370 to Interstate 95 2 3 4 5 6+

Peak $4.00 $12.00 $18.00 $24.00 $30.00 Off Peak $3.20 $9.60 $14.40 $19.20 $24.00 Overnight $1.60 $4.80 $7.20 $9.60 $12.00

Cost per Mile (Peak) $0.25 $0.75 $1.13 $1.50 $1.88

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Toll RatesToll Mitigation Strategies

v Selected least costly rail station alignment at Dulles through value engineering process

v Removed $404 M of rail project elements from total cost to be funded by toll revenue bonds

v Concerted effort by all funding partners to request additional low-interest rate TIFIA loans issued by the federal government to finance rail project

v Additional $150M contribution from the Commonwealth of Virginia will be used to minimize near-term toll rate increases

Minimize Project Costs

Obtain Low-Cost Financing

Pursue Additional

Grants

Thank you for your interest in the Dulles Toll Road. If you wish to make a

comment or ask a question, please click

http://www.mwaa.com/net/dtr_toll.aspx.

Comments and questions will be addressed in a comment report that will be

published and placed on-line at www.mwaa.com/tollroad in late October.

Based on these comments, a recommendation will be made to the Airports

Authority’s Board of Directors for their action later this year.