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Results Chart for Delivery Method and Financing
Background informationProject Created: November 30, 2016
Dulles Greenway (Dulles Toll Road Extension)
Year in Operation:
Privately financed 14-mile toll road from Dulles International Airport west of Washington DC to the west toward Leesburg.
Delivery Method as described in the country where it's located:
Build Own Operate
Is the project still active:
Early Design Build Finance Operate project in VA, authorized in July 1989 and built between 1993 and 1996.
United States of America
Souces of Project Support (Non-monetary)
Access to Land
: That portion of the project on the grounds of Dulles International Airport was leased to the private developer by the Metropolitan Washington Airports Authority.
Souces of Project Support (Monetary)
From Private Capital Markets Directly to Producers as Debt: Ten Insitutional investors led by three major project investors provided $250 million in long term debt to finance construction and initial operations. A second group of banks provided the balance of construction financing and a $40 million revolving credit facility.
From Producers as Equity: Owner/Developer group, including operator and constructor, invested $38 million in equity, and provided a $46 million irrevocable line of credit in support of the sufficiency of initial revenues.
Project Delivery & Finance Method
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? No
Project Finance Method: All By Private Sponsor
Term for Key Components & Forms of Contract
Combined Term: Initial Design, Construction, O&M Period
Special agreement between the parties.
Project Value (If and As Known)
Date of Estimated Project Value: September 11, 2008
Pre-Feasibility (Public Sponsor Expense)
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