The Metropolitan Washington Airports Authority will hold three public hearings later this summer regarding a proposed toll increase for the Dulles Toll Road. The proposed 25-cent fare hike will raise revenues for the Metrorail extension to Dulles International Airport.

The MWAA expects to issue $1.3 billion early next month to finance the construction, before the toll increases take effect. A traffic and revenue study conducted by Wilbur Smith and Associates will provide investors in the bonds with revenue estimates.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.