Due to the Authority's solid financial outlook, in February 2006 the RDU Authority Board signaled its intent to replace the south concourse in concurrence with the current Terminal C project. In June, the Board authorized the establishment of an initial project budget of $2.1 million for the Terminal C south concourse replacement. The funds cover architectural, engineering and other design services and project management and support costs.

The south concourse is where American, American Eagle, United Express and Air Canada currently operate. When the north concourse is complete in mid-2008, these airlines will move into the new facility, along with Delta.

Also in June, the Board approved proceeding with the issuance of $300 million in variable rate bonds that will be used to fund a substantial portion of Terminal C. The bond sale was the culmination of a process that started over a year ago when RDU entered a swap transaction that locked in low, long term fixed interest rates.

As a gateway to the Research Triangle Region, Terminal C will reflect the dynamic communities the airport serves. The architecture combines glass, steel and wood to bring indoors the natural landscape of North Carolina 's Piedmont region. The project will be completed in phases between mid-2008 and 2010.

To see more photos and get updates on Terminal C's progress, visit RDU's Web site at http://www.rdu.com/airportdev/termc.htm.

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