Table 1c

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Table 1-C:
Summary of FY 2001 New Starts Ratings

Phase and City (Project) Financial Rating Financial Rating Criteria
Section 5309 Funds as Share of Capital Costs Capital Finance Rating Operating Finance Rating
Final Design
Dallas-Ft. Worth (Trinity Railway Express - Phase II) Medium 39% Medium Medium
Ft. Lauderdale (Tri-Rail Commuter Upgrade) Medium 34% Medium Medium
Little Rock (River Rail Project) * N/A 65% N/A N/A
Los Angeles-San Diego (LOSSAN Rail Corridor Improvement Project) * N/A 68% N/A N/A
New Orleans (Canal Streetcar Spine) Low 80% Low Low
Newark (Newark Rail Link, (MOS-1) Medium-High 68% Medium-High Medium-High
Northern New Jersey (Hudson-Bergen MOS-2) Medium 65% Medium Medium
Pittsburgh (Stage II LRT Priority Program) Medium-High 26% Medium-High Medium-High
San Diego (Mission Valley East LRT Extension) Medium-High 77% High Medium-High
Preliminary Engineering
Austin (Austin Area LRT System) Medium-High 50% Medium-High Medium
Baltimore (Central Corridor Light Rail Double Tracking) Medium-High 78% High Medium-High
Boston (South Boston Piers Transitway Phase II) Low 80% Low Low-Medium
Chicago (Douglas Branch Reconstruction) Medium-High 71% Medium-High Medium
Chicago (CTA Ravenswood Line Expansion) Medium-High 75% Medium-High High
Chicago (Metra Central Kane Corridor) Medium-High 58% Medium-High Medium
Chicago (Metra North Central Corridor) Medium-High 62% Medium-High High
Chicago (Metra South West Corridor Commuter Rail) Medium-High 63% Medium-High High
Cincinnati (I-71 Corridor) Low-Medium 49% Low-Medium Low
Cleveland (Euclid Corridor Improvement Project) Medium-High 61% Medium-High Medium-High
Denver (Southeast Corridor LRT) Medium-High 60% Medium-High Medium-High
Hartford (New Britain-Hartford Busway) Medium 65% Medium Medium
Houston (Downtown to Astrodome Corridor Light Rail) Medium-High 22% Medium-High Medium-High
Kansas City, Johnson County (I-35 Commuter Rail) * N/A 80% N/A N/A
Las Vegas (Resort Corridor Fixed Guideway MOS) Medium 27% Medium Medium
Maryland (MARC Commuter Rail Improvements Projects) N/A 48% N/A N/A
Memphis (Medical Center Extension) Medium 80% Medium-High Medium
Miami (East-West Multimodal Corridor) Low 40% Low Low
Miami (North Corridor) Medium 70% Medium Medium
Miami (South Miami-Dade Busway Extension) Medium 70% Medium Medium
Minneapolis (Hiawatha Corridor LRT) Medium-High 50% Medium-High Medium
Nashville (East Commuter Rail Project) * N/A 70% N/A N/A
New York (Long Island Rail Road East Side Access Project) Medium 50% Medium Medium-High
Norfolk (Norfolk - Virginia Beach Corridor LRT) Low 55% Low Low
Orange County (The Centerline Orange County Rail Corridor) Medium-High 50% Medium-High Medium-High
Phoenix (East Valley Light Rail Transit) Low-Medium 50% Low-Medium Low
Portland (Interstate MAX LRT Extension) High 73% High High
Raleigh (Phase I Triangle Regional Rail Project) Low-Medium 39% Low-Medium Low-Medium
Salt Lake City (CBD to University LRT) Medium 80% Medium-High Medium
San Diego (Mid Coast Corridor Project) Medium-High 39% Medium-High Medium-High
San Diego (Oceanside Escondido Rail Project) Medium-High 60% Medium-High Medium-High
San Francisco (Third Street Light Rail Project Phase 1) Medium-High 0% Medium-High Medium-High
San Juan (Tren Urbano, Minillas Extension) Medium 80% Medium Medium-High
Seattle (Central Link LRT MOS) Medium-High 33% High Medium
Seattle (Everett to Seattle Commuter Rail) * N/A 24% N/A N/A
Seattle (Lakewood-to-Tacoma Commuter Rail) * N/A 29% N/A N/A
Tampa (Tampa Bay Regional Rail) Low-Medium 50% Low-Medium Low-Medium
Washington DC (Dulles Corridor Rapid Transit) Medium 78% Medium Medium
Washington DC/MD (Largo Extension) Medium 60% Medium Medium-High

* These projects are not rated based upon the exemption granted to projects where the anticipated Section 5309 New Starts share of the total estimated Capital Cost is below $25 million.