Tuesday, September 11, 2012
WMATA credits aggressive cost cutting for savings.
Cost-containing measures have left Metro with a $28 million operating surplus for the fiscal year that ended June 30, the organization announced Monday. Fiscal controls included a successful health care audit and fuel hedging, which locked in a favorable rate for fuel that saved the authority money, it says. The fiscal year ended one day before Metro raised fares for riders and increased taxpayer subsidies to meet a projected shortfall in the budget. “I am pleased to report that we ended the year with a surplus and we continue to identify cost savings opportunities to ensure we are operating efficiently,” Metro General Manager and CEO Richard Sarles sais in a statement. “We anticipate applying the surplus to offset budget challenges we …
Monday, April 9, 2012
Public hearings on fiscal year 2013 budget, tax rate and potential movement on county executive search during the April 10 Board of Supervisors meeting.
The Fairfax County Board of Supervisors will vote Tuesday on the county’s participation in Phase II of the Dulles Metrorail project. Anthony Griffin, who will retire as county executive later this month, is recommending the board confirm its participation in the project while remaining vigilant in its pursuit of additional funding for the $2.7 billion extension. Failure to participate could mean significant changes to the direction of the project. Some Fairfax County residents think the project is too expensive, and are worried about drastic increases on the Dulles Toll Road, which is funding much of the project. The Virginia State Senate included $300 million in its budget specifically for Metrorail, but the Washington Post reports the …
Monday, March 19, 2012
A public hearing on Phase 2 of Dulles Metrorail is set for 5 p.m. Tuesday, during board meeting in Fairfax.
The Fairfax County Board of Supervisors will hold a public hearing on the county’s role in Phase 2 of the Dulles Metrorail project at 5 p.m. Tuesday during their regularly scheduled meeting. Fairfax County transportation officials held hearings during the last week to inform residents how the $2.7 billion project was being financed and to gather ideas for station names. According to officials, Fairfax County will contribute anywhere from $900 million to $965 million for both phases of the construction. On Tuesday, the board will cover the financing of the project, but station names, a popular topic in the Silver Line discussion, will not be part of the hearing. As of last week, 13,000 responses had been submitted to a survey seeking input …
Tuesday, March 13, 2012
Bulova says "We will continue to identify ways to address the affordability of rates on the Dulles Toll Road. "
Tuesday, March 13, 2012
Last week, the Metropolitan Washington Airports Authority (MWAA) released new cost estimates for Phase II of Rail to Dulles. These new estimates are $1 billion lower than previous estimates and are consistent with what we have been working with during the past year. Fairfax County and other stakeholders came together over the past year to address rising cost estimates for Phase II. Working with our staff and project partners, Loudoun County, the Commonwealth of Virginia, and the U.S. Department of Transportation, we were able to bring the cost of Phase II down by $700 million. The savings were achieved in part by moving to an above ground station at the airport, a smaller rail yard, and purchasing fewer rail cars. I believe these important…
Friday, June 24, 2011
Group concerned that with mounting costs, project might fail.
Business leaders from Fairfax and Loudoun counties have sent a letter to the Metropolitan Washington Airports Authority (MWAA) Board of Directors calling for significant cost reductions in the Phase II segment of the Dulles Corridor Metrorail Project. Estimated costs for Phase II have reached $3.5 billion, about a $1 billion higher than original projections. MWAA's recent decision to build the Dulles International Airport station below ground rather than above ground has added about $330 million to the price tag. At a press conference on Thursday across the street from the under-construction Wiehle Avenue station, business leaders - who represent more than 6,000 businesses and 500,000 residents and taxpayers - outlined their suggested …