Dulles Metrorail - Funding
Funding
Phase 1
Phase 1 to Wiehle Avenue is estimated to cost $2.6 billion. Funding will come from toll revenues generated by the Dulles Toll Road, from commercial properties owners who have formed a special tax district in Tysons Corner and from the federal government.
The $900 million federal portion is expected to be funded through a Full Funding Grant Agreement issued by Federal Transit Administration (FTA) in early 2009. The Dulles Metrorail Project team is currently working with the FTA to secure that funding. Congress has already appropriated more than $252 million for the project.
At the local level, commercial landowners in the Tysons Corner area of Fairfax County have voluntarily created a special commercial tax district to fund the local share of Phase 1. The commercial tax district has been generating funds for the project. There is a $400 million cap on the amount that can be raised through the tax district.
In addition, the Virginia Transportation Act of 2000 dedicated $75 million to the project. The remainder of the project will be paid for using revenues generated by tolls on the Dulles Toll Road.
Phase 2
Funding for Phase 2 of the project will be generated by the creation of special tax district including commercial land owners within the Phase 2 corridor in Fairfax County, and revenues from the Dulles Toll Road. In addition, Loudoun County has already established sources of monies to fulfill its obligations to the extension.
When the Metropolitan Airports Authority (MWAA) assumed management of the Dulles Corridor Metrorail Project in August 2007, MWAA committed to completion of Phase 2 of the project.
A financial plan for Phase 2 will be developed after MWAA obtains the Full Funding Grant Agreement from the FTA for Phase 1 of the project.
Funding Breakdown
MWAA
Commonwealth of VA
- VA Transportation Act
- State Bonds
- STP Funding
Fairfax County
Federal
- $249M appropriated between FY99 and FY08
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