1. Dulles Corridor Metrorail Project 23-mile new Metrorail line branching off the Orange Line after East Falls Church 11 new stations 5 in Phase 1: East Falls Church to Wiehle Avenue in Reston 6 in Phase 2: Wiehle Avenue through Dulles International Airport to Ashburn Seamless integration with current 106-mile Metrorail system http://www.dullesmetro.com

3. Funding for the Dulles Metrorail Project • Cost Sharing for the Dulles Metrorail Project – Phase 1 • Fairfax County - 15% (Phase I Metrorail Tax District – $400 million cap) • Metropolitan Washington Airports Authority –41% (tolls) • Federal Government – 34% • State – 10% (VA Transportation Act, State bonds and Surface Transportation Program (“STP”) funding*) • Phase 1: Dulles Rail Transportation Improvement District • Approved and established by the Fairfax County Board of Supervisors in February, 2004 • Rate: $.22 per $100 assessed value • Phase 2: Western Alliance for Rail to Dulles (“WARD”) • Approved on December 15, 2009 • Initial tax rate: 5 cents per $100 valuation in 2010; 10 cents per $100 valuation in 2011; 15 cents per $100 valuation in 2012; and 20 cents per $100 valuation beginning in 2013 and continuing until rail service is operational at all 3 stations • Ultimate tax rate: projected to be 25 cents per $100 valuation • Tax rate cap: 40 cents per $100 valuation • Toll Road Increases • The Metropolitan Washington Airports Authority voted on a proposal to increase tolls on November 4, 2009 • Effective January 1, 2010, $1.00 for vehicles with 2 axles • Effective January 1, 2011, $1.25 for vehicles with 2 axles • Effective January 1, 2012, $1.50 for vehicles with 2 axles * “STP” Funding - Flexible funding for transportation spending under the American Recovery and Reinvestment Act.

4. Overlapping Taxes • Phase 1 Metrorail Tax District • $.22 per $100 assessed value • Phase 2 Metrorail Tax District • 5 cents per $100 valuation in 2010, to increase by 5 cents each year • Beginning in 2013 and continuing until rail service is operational at all 3 stations, it will be 20 cents per $100 valuation • Ultimate tax 25 cents per $100 valuation • Only in Fairfax County, although Loudoun County is talking about implementing a rail tax district • Route 28 Tax District • $.18 per $100 assessed value • Both Fairfax and Loudoun Counties • C & I Tax (commercial and industrial property tax) • $.11 per $100 assessed value • HB 3202 allows rate of up to $0.25 per $100 of assessed value • Revenues generated by any such additional commercial and industrial real property tax are to be used exclusively for transportation purposes that benefit the locality • Does not apply to residential property • Real Estate Property Tax • The base real estate tax rate in Fairfax County for 2010 (FY 2011) has been set at $1.09 per $100 of assessed value http://www.fairfaxcounty.gov/dta/realestatetax_specialtaxdis.htm

5. Construction Schedule • Phase 1 Metrorail • July, 2004: commenced engineering • May, 2008: commenced final design • June, 2008: commenced utility relocation • March, 2009: FFGA approved for Phase 1; Notice to Proceed (“NTP”) issued to design-build contractors • July, 2013: Phase 1 substantial completion • December, 2013: begin service to Wiehle • Phase 2 Metrorail • July, 2009: issued RFP for preliminary engineering • January, 2010: commenced preliminary engineering • Fenruary, 2011: preliminary engineering completed • Summer, 2011: issue RFP for design-build contract • January, 2012: issue NTP to design-build contractors • December, 2016: full project substantial completion; commence service to Route 772 • HOT Lanes • 2007 – 2009: design and engineering • Spring 2008: design public hearing • 2008 – 2010: right of way activity • 2008 – 2010: utility relocation • 2008 – 2012: bridge construction • Summer 2008-2011: construct 4 new outer lanes and demonlish/rebuild all Belway interchanges • 2011-2012: shift Beltway traffic into new outer lanes and construct HOT lanes on inner lanes • 2013: HOT lanes open

7. Dulles Corridor Metrorail Project

8. A Year of Dulles Rail Construction Progresses The tunnel that will carry Metrorail between Routes 7 and 123 in Tysons Corner

9. Routes 7 and 123 West Cut and Tunnel Cover at Route 7

10. Route 123 and the Dulles Toll Road (Tysons East) Route 123 at I-495

12. Major Regional Transportation Improvements Metro Rail to Tysons and Dulles Airport • Rail to Tysons by 2013 • Rail to Dulles Airport by 2016 • $5.0+ billion to Dulles Beltway HOT Lanes - $900 million Woodrow Wilson Bridge - $2.4 billion Route 28 Improvements- $400 million Springfield Interchange- $676 million