RD610 - Metropolitan Washington Airports Authority Long-Range Plan for the Financial Viability of Washington Dulles International Airport and Continued Lower Levels of Airline Cost Per Enplanement at the Airport Beyond the Virginia 2016-2018 Biennium – December 1, 2016


Executive Summary:
The Metropolitan Washington Airports Authority (MWAA) has prepared this long-range plan ("Long-Range Plan" or "Plan") for the financial viability of Washington Dulles International Airport ("Dulles Airport" or "Dulles") and for continued lower levels of airline cost per enplanement at Dulles, pursuant to paragraph M of Item 436 in Chapter 780 of the 2016 Virginia Acts of Assembly ("2016-2018 Appropriation Act"). Item 436(M) of the 2016-2018 Appropriation Act (*1) conditionally makes available to MWAA $25,000,000 of Commonwealth of Virginia funding in the second half of the Commonwealth's Fiscal Year ("Virginia Fiscal Year") 2017 and $25,000,000 in Virginia Fiscal Year 2018 (jointly, the "Commonwealth Funding") for the purpose of reducing the airline cost per enplanement at Dulles Airport and thereby improving the competitiveness of the airport.
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(*1) Item 436(M) of the 2016-2018 Appropriation Act, which falls in Part I of the Act, is hereafter referred to simply as Item 436(M) or paragraph M of Item 436.