Central Parking Corporation Signs Company's Largest Airport Contract
Central Parking Corporation announced that District of Columbia Parking Associates, a partnership between Central Parking System of Virginia, Inc., and AutoPark, Inc., has been awarded a multi-year contract to operate parking and shuttle services at Washington Dulles International Airport.
Under the management agreement commencing November 1, the partnership will oversee more than 25,000 parking spaces and a fleet of 48 shuttle buses. Dulles Airport becomes the eighth large hub airport in Central Parking's portfolio of 30 airports, reinforcing the Company's position as the leading parking operator of major airports in the United States. Based on space-count, Washington Dulles International is the largest single airport operation Central Parking manages.
Monroe Carell, Jr., Central Parking Corporation chairman and chief executive officer, commented, "We are very pleased that District of Columbia Parking Associates was selected by the Metropolitan Washington Airports Authority to manage parking at Dulles Airport. Dulles serves 20 million passengers annually including nearly 4 million international passengers. It is one of the fastest growing airports in the world and a major East Coast gateway for domestic and international travelers as well as cargo activities. A $3 billion Capital Construction Program is under way with a Master Plan build out that will handle 55 million passengers a year. This is our largest airport contract to date in terms of parking spaces and the largest source of concession revenue for the Airports Authority. The airport anticipates that collections from parking operations will exceed $60 million annually."
AutoPark, Inc., is a District of Columbia parking operator and qualified Local, Small, Disadvantaged Business Enterprise headed by David Wilmot.
AutoPark, Inc., is a District of Columbia parking operator and qualified Local, Small, Disadvantaged Business Enterprise headed by David Wilmot.
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