CFO Lynn Hampton interim CEO at Dulles Toll Rd's MWAA (PERSONNEL)

April 13, 2010

Chief Financial Officer at the Metropolitan Washington Airports Authority E Lynn Hampton will become Interim President and CEO from May 9 when James E Bennett retires from the position. Ms Hampton takes control of the Dulles Toll Road (DTR), as well as Dulles and Reagan Airports during a period when the board conducts a search for a permanent successor to Bennett.

November 1 2008 the toll road was transferred from Virginia DOT to MWAA - an authority with appointees from Virginia, Maryland, Washington DC and the US Government - to provide a revenue stream to support construction of a metro rail line in the corridor.

State Route 267 21.6km or 13.4mi long it comprises 4 lanes in each direction and runs between the Capital Beltway near Tysons Corner and VA28 outside Dulles Airport. It has a mainline plaza and ten pairs of ramp toll points and Macquarie collect a second mainline toll for MWAA at their Greenway toll plaza.

The DTR does around 300k toll transactions per day, most trips involving two tolls.

Dulles toll revenues $66m last year are projected in the MWAA budget to rise to $88m this fiscal year, mainly from toll rate increases. Traffic is flat.

Operations expenses are $25m so the tollroad provides considerable cash flow.

Dulles Greenway also VA267 and operated by Macquarie is an extension of the Toll Road and is due to get a rail line in the median also.

Other toll operators that manage airports include Port Authority New York New Jersey and the South Jersey Transportation Authority.

TOLLROADSnews 2010-04-13

Further Reading

Leave a comment:

Upcoming Events