Central Parking Corporation Awarded Contract to Manage Parking at Richmond International Airport

Central Parking Corporation Awarded Contract to Manage Parking at Richmond International Airport

Central Parking Corporation (NYSE:CPC) today announced that it has been selected to provide parking and shuttle-bus operations for Richmond International Airport (RIC) in Richmond, Virginia. The multi-year management agreement commences March 1, 2003 and encompasses 8,027 self-park spaces in five airport parking facilities.
William J. Vareschi, Jr., chief executive officer, commented, "Richmond International Airport represents the 27th airport facility that we serve as a corporation. This airport serves a rapidly growing region, and approximately 1.2 million passengers use the facility annually. We appreciate the trust that The Capital Region Airport Commission has shown in awarding this contract to us, and we are committed to providing the highest level of service that has led to our success in expanding the airport portion of our business."

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation services. The Company operates approximately 3,900 parking facilities containing approximately 1.6 million spaces at locations in 39 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia, Germany, Mexico, Peru, Poland, Spain, Switzerland, Venezuela and Greece. Central Parking Corporation's total airport portfolio includes 26 major airports.