August 6, 2013

1. Notice and Opportunity for Public Comment Amendments to PFC Application 02-04-C-00-BWI Maryland Aviation AdministrationBaltimore/Washington International Thurgood Marshall Airport August 6, 2013

2. Overview • The Maryland Aviation Administration (MAA), the operator of Baltimore/Washington International Thurgood Marshall Airport (the Airport) intends to amend and close out projects from the previously approved PFC application 02-04-C-00-BWI (“PFC 4”). • As shown on pages 3 through 7 MAA proposes to • Amend up the PFC-funded project work costs for three projects by $8,817,000. The project work cost for each project increased by more than 25%. Thus, public is offered the opportunity to provide comments on the proposed amendments to these three projects per 14 CFR 158.24 and 14 CFR 158.37. • Amend down the PFC-funded project work for two projects by $76,976,000. • Amend down PFC financing costs for all projects by $93,447,000. • Overall, MAA proposes to amend down its collection authority by $161,606,000. • Charge expiration date for MAA’s most recent PFC application 12-10-C-00-BWI accelerates from March 1, 2028 to July 1, 2025. • PFC 4 collection level was approved at $4.50 and would not change as a result of the amendments.

3. Public Comment Period • The public may submit its comments on the three projects on or before Thursday, September 5, 2013. • Comments should be sent to, and additional information may be obtained from: Mr. David Isquith Maryland Aviation Administration Senior Financial Analyst PO Box 8766 Phone: (410) 859-7432 BWI Airport, MD 21240-0766 Fax: (410) 859-7885 E-mail: disquith@bwiairport.com

4. Project for public comment and amendment: 04-00115R Parallel Taxiway and Airfield Ramp Construction • The approved project provided for construction of approximately 1,500 feet of 75 foot wide taxiway parallel to Runway 15R. The project also provided for 1 million square feet of new aircraft parking apron including deicing collection facilities to support Pier A. The PFC funded project share increased to replace lower than anticipated AIP funding. Since PFC funded project work increased by 32% above the FAA-approved amount, the public is offered the opportunity to submit its comments on the amendment to this project. • The Final Agency Decision was based on financing 100% of the PFC portion of the project with PFC-backed bonds. The project was actually financed with a mix of PFC Paygo, PFC-backed bonds, AIP and State funds. Financing costs were also reduced by lower interest rates; the bonds had a floating-rate that was continuously below 1% since February 2009. Dollars in $000 • $38 million in AIP funding is based on MAA’s application. The FAA’s Final Agency Decision anticipated non-PFC funding but specified no amount or source. The $38 million is shown here to give a comparable picture of project costs.

5. Project for public comment and amendment: 04-002 Common Use Terminal Equipment • The approved project provided for installation of 37 ticket counter positions and 6 gate positions in the international terminal. The project cost increased because revised scope and actual bid prices. Since project work increased by 46% above the FAA approved amount the public is offered the opportunity to submit its comments on the amendment to this project. • The Final Agency Decision was based on financing 100% of the project with PFC-backed bonds. Over 99% of the project was financed with PFC-backed bonds. Interest expenses were lower than originally forecasted; the bonds had a floating-rate that was continuously below 1% since February 2009. Dollars in $000

6. Project for public comment and amendment: 04-003 Surface Movement Guidance Control System • The approved project provided for enhanced marking and lighting aids, eleven sets of elevated runway guard lights, in-pavement runway guard lights at four runway/taxiway intersections, and in-pavement taxiway centerline lights for large sections of Taxiways A and F. The project cost increased because of revised scope and actual bid prices. Since the project work cost increased by 50% above the FAA approved amount the public is offered the opportunity to submit its comments on the amendment to this project. • The Final Agency Decision was based on financing 100% of the project with PFC-backed bonds. The project was actually financed with 100% PFC Paygo funds. Dollars in $000

7. Projects for amendment: 04-004 and 04-005Terminal Pedestrian Access Expansion and Improvement • The approved project provided for access to the Airport’s new Pier A facility and improved pedestrian access to the Airport’s other piers. The PFC-funded project share decreased 34% below the FAA approved amount because a large portion of the work was funded with parking revenue bonds, as shown on page 8. • The Final Agency Decision was based on financing 100% of the project with PFC-backed bonds. The project was financed with PFC Paygo, PFC-backed bonds, and parking revenue bonds. Interest expenses on the PFC-backed bonds were lower than originally estimated; the bonds had a floating-rate that was continuously below 1% since February 2009. Dollars in $000

8. Projects for amendment: 04-006 and 04-007Terminal Roadway Expansion and Improvement • The approved project: (1) extended the upper roadway by 700 feet and expanded the lower roadway to accommodate Pier A, (2) widened the upper and lower roadways at the other Piers by 1,300 feet, and (3) modified the terminal access return road. The PFC-funded project share decreased 30% below the FAA approved amount because a large portion of work was funded with parking revenue bonds as shown on page 8. • The Final Agency Decision was based on financing 100% of the project with PFC-backed bonds. The project was financed with PFC Paygo, PFC-backed bonds, AIP, and State funds. Interest expenses on the PFC-backed bonds were lower than originally estimated; the bonds had a floating-rate that was continuously below 1% since February 2009. Dollars in $000

9. Terminal Improvement Program Funding of Project Elements – PFC and Parking Revenue Bonds