New book by Larry Connors Click here Improve your trading - See how
DFW International Airport's Board of Directors today began an eight-year process aimed at renovating the Airport's four original terminals, by approving the first major expenditure for the DFW Terminal Development Program. The Board approved a $20.75 million package for the URS Corporation of Dallas to begin the preliminary design work for the renovation of Terminals A, B, C and E, which opened with the Airport in 1974.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090903/DC70605)
Final costs for the Terminal Development Program are still in review, but initial estimates place the cost somewhere between $1.5 billion and $2.0 billion, with funding to come from bond sales, available capital and other sources.
The renovation project, which includes needed facelifts for passenger areas including ticketing, security and concessions, will be one of the most significant construction projects in the North Texas region over the next decade. Plans also call for the replacement of terminal systems such as electrical, plumbing, heating and cooling, security, conveyance and telecommunications.
"While they have served us very well, our four original terminals are 35 years old now, and their internal systems need replacement," said Jeff Fegan, Chief Executive Officer for DFW. "The renovation of these terminals is critical for the Airport's long term outlook, because this project will keep DFW highly attractive to customers and cost-effective for airlines well into the 21st century."
Current plans call for construction to begin in early 2011, just after Super Bowl XLV in Arlington. Terminal A will be the first terminal completed sometime in 2014, and the entire project should be complete by the end of 2017. The construction phase requires one-third of each terminal to be shut down at a time.
"A great deal has changed since these terminals were designed in the 1960s, including vastly different modern requirements for security and customer services," said Jim Crites, Executive Vice President of Operations for DFW. "The renovated terminals will be very customer-focused, so we should see big gains in customer satisfaction as well as operational efficiency and revenues."
Design concepts call for the consolidation of concessions areas into villages reminiscent of DFW's globally acclaimed International Terminal D, which opened in 2005 at a cost of $1.2 billion.
"We certainly know that International Terminal D works extremely well, and passengers worldwide have consistently named it one of the top airport facilities in the world," said Fegan. "We hope to apply what we have learned with International Terminal D to the other terminals, so every passenger who visits DFW will want to come back here time and again."
The Terminal Development Program is a major component of the Airport's current Master Plan, which also includes plans to accommodate regional rail service from both Dallas Area Rapid Transit and The Fort Worth Transportation Authority, and participate in area highway renovation projects and other major initiatives.
About DFW International Airport
Located halfway between the cities of Dallas and Fort Worth, Texas, DFW International Airport is the world's third busiest, offering nearly 1,750 flights per day and serving 57 million passengers a year. DFW has been named "Best Airport for Customer Service in North America" by an Airports Council International survey of passengers in 2006 and 2007. DFW International Airport provides non-stop service to 134 domestic and 37 international destinations worldwide. For the latest news, real-time flight information, parking availability or further details regarding the many services provided at DFW International Airport, log on to www.dfwairport.com.
SOURCE DFW International Airport
http://www.dfwairport.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
