Terminal Development Program at Dallas/Fort Worth International Airport Briefing to the Fort Worth City Council June 8, 2010

2 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010 Agenda  Terminal Development Program Overview  M/WBE Participation and Concessions  Financing  Virtual Reality Video  Q&A TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8,

3  Opened in  3 rd largest airport in the world in operations and 8 th in passengers.  Over 56 million passengers annually.  Over $16 billion annual economic activity.  Terminal D and Skylink have made DFW the connecting hub airport of choice.  Some infrastructure is showing its age. Terminal Development Program Overview DFW Airport has served the metroplex for over 35 years. 3

4 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010  Renovations begin with Terminal A in early  Phased renovations to be completed by early  Only 1/3 of the terminal will be closed for renovations.  Terminals B, C and E renovations will follow in a phased schedule over several years.  Vast majority of gates will remain open and available. Terminal Development Program Overview The four legacy Terminals A, B, C and E will be renovated as part of the TDP. 4

5 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010  60% - 70% of work will replace aging infrastructure.  Balance relates to finishes, passenger amenity improvements, and elements that produce positive business results.  Concessions revenue will be enhanced through strategic locations and grouping at key passenger circulation points. Terminal Development Program Overview The renovation of the terminals is a 30-year investment. 5

6 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010  Terminals will be renovated to support:  Post 9/11 security  Passenger self check-in  Upgraded shopping and dining  Upgraded information technology and communication systems  Major building infrastructure systems replacement:  Heating -Ventilation-Air Conditioning  Electrical  Plumbing  Fire Protection  Security  Lighting Terminal Development Program Overview The TDP will include both renovations and infrastructure improvements. 6

7 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, Easy-to-locate, more visible shops and restaurants Parking garage improvements More self check-in options in ticketing areas Expanded, reconfigured security checkpoints Terminal Development Program Overview Passengers will enjoy significant improvements in the DFW experience.

8 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, Future Customer Service Enhancements This renovation will take place between 2011 and

9 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010  DFW will follow its successful M/WBE participation track record.  M/WBE firms earned 35% of all construction work for Terminal D.  In the past year alone, M/WBEs earned $150 million in concessions sales at DFW.  DFW will continue outreach efforts throughout the TDP in order to ensure access to opportunities. M/WBE Participation and Concessions DFW remains committed to inclusion in TDP opportunities. 9

10 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, M/WBE Participation and Concessions New M/WBE partnership arrangements have been made to support the TDP.  Design Firms o AECOM/EJES Joint Venture (40% M/WBE) o EJES Inc., African-American joint venture partner o 40% M/WBE subcontracting commitment on Supplemental Agreements o Jacobs Engineering Group, Inc. o 42% M/WBE subcontracting commitment on Supplemental Agreements  Construction Manager-at-Risk Services Firms o Balfour Beatty/Azteca/Russell/Carcon (BARC) Joint Venture (40% M/WBE) o Russell, African-American joint venture partner o Azteca, Hispanic-American joint venture partner o Carcon, Hispanic-American joint venture partner o 35% M/WBE subcontracting commitment on Supplemental Agreements o Manhattan/Byrne/JRT/3i Joint Venture (40% M/WBE) o 3i Construction, African-American joint venture partner o Byrne, Hispanic-American joint venture partner o 35% M/WBE subcontracting commitment on Supplemental Agreements

11 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010 M/WBE Participation and Concessions Concessions will be grouped into Concessions villages, similar to Terminal D. 11

12 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, M/WBE Participation and Concessions DFW Concessions Policy provides direction on community outreach.  Section 1.3.4/Expanding Economic Benefit to the Cities of Dallas and Fort Worth Airport staff shall conduct outreach to assure participation from local firms or owners who reside in Tarrant and Dallas Counties or the cities of Dallas and Fort Worth. The affirmative steps shall include: placing qualified local businesses on solicitation lists; assuring the local businesses are solicited whenever there are potential sources; utilizing the resources of the Business Diversity and Development Department and requiring prime contractors to use a good faith effort to partner with local businesses.  Outreach includes conducting workshops and utilizing print media to educate the community on opportunities at DFW as well as providing updates to existing concessionaires.

13 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010 Financing/Joint Capital Account Sources and Uses Total TDP currently estimated at $1.86 billion, plus $290 million of other critical projects. Total new debt issuances over next ten years is approximately $2 billion with first issuance scheduled for this fall. 13

14 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010 Financing/Keep Cost Per Enplaned Passenger (CPE) Competitive A CPE increase of $3.62 moves DFW from 1 st to 3 rd in cost comparison ($25.61). 14

15 TERMINAL DEVELOPMENT PROGRAM AT DFW AIRPORT ● JUNE 8, 2010 Virtual Reality Video 15

Terminal Development Program at Dallas/Fort Worth International Airport Briefing to the Fort Worth City Council June 8, 2010