Table 1c

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Table 1-C
Summary of FY 2002 New Starts Ratings
  Financial Rating   Finance Rating Criteria
    Section 5309 Funds as Share of Capital Costs Capital Finance Rating Operating Finance Rating
Phase and City (Project)    
Final Design            
Chicago (North Central Corridor Commuter Rail)   Medium-High   61% Medium-High Medium-High
Dallas-Ft. Worth (Trinity Railway Express- Phase II)**   Not Rated   39% Not Rated Not Rated
Little Rock (River Rail Project) *   Exempt   65% N/A N/A
Los Angeles-San Diego (LOSSAN Rail Corridor Imp. Project)*   Exempt   68% N/A N/A
Miami (South Miami-Dade Busway Extension)*   Exempt   26% N/A N/A
New Orleans (Canal Streetcar Spine)   Medium   80% Medium-High Medium
San Diego (Oceanside-Escondido Rail Project)   Medium-High   46% Medium-High Medium-High
San Francisco (Third Street Light Rail Project Phase 1)   Medium   0% Medium Medium
Seattle (Central Link LRT MOS-2 and MOS-3)**   Not Rated   38% Not Rated Not Rated
Preliminary Engineering        
Austin (Light Rail Corridors)   Low-Medium   50% Low-Medium Low-Medium
Charlotte (South Corridor Light Rail)   Medium   50% Medium Medium-High
Chicago (Ravenswood Line Expansion)   Medium   75% Medium Medium
Chicago (Union-Pacific West Line Extension)   Medium-High   62% Medium-High High
Cincinnati (I-71 Corridor LRT)   Low   49% Low Low
Cleveland (Euclid Corridor Transportation Project)   Medium-High   59% Medium-High Medium-High
Girdwood, Alaska (Alaska Commuter Rail)*   Exempt   22% N/A N/A
Hartford (New Britain-Hartford Busway)   Medium   63% Medium Medium
Houston (Downtown to Astrodome Corridor Light Rail)   Medium-High   0% Medium-High Medium-High
Kansas City, Johnson County (I-35 Commuter Rail) *   Exempt   80% N/A N/A
Las Vegas (Resort Corridor Fixed Guideway MOS)   Medium   35% Medium Medium
Los Angeles (Eastside Corridor LRT)   Medium   53% Medium Medium
Los Angeles (San Fernando Valley East-West Transit Corridor)   Medium   0% Medium-High Medium
Lowell, Massachussetts-Nashua, Hew Hampshire (Commuter Rail)*   Exempt   44% N/A N/A
Maryland (MARC Commuter Rail Improvements)**   Not Rated   48% Not Rated Not Rated
Miami (North 27th Avenue Corridor)   Low   70% Low Low
Minneapolis (Northstar Corridor Commuter Rail)   Medium   50% Medium Medium
Nashville (East Corridor Commuter Rail Project) *   Exempt   70% N/A N/A
New Orleans (Desire Corridor Streetcar)   Medium   70% Medium Medium
New York (Long Island Rail Road East Side Access Project)   Medium   50% Medium Medium
Orange County (The Centerline Rail Corridor)   Medium-High   50% High Medium-High
Phoenix (Central Phoenix/East Valley Corridor)**   Medium-High   50% Medium-High Medium-High
Pittsburgh (North Shore Connector LRT)   Medium   50% Medium Medium
Raleigh (Regional Transit Plan Phase I Durham to Raleigh)   Medium-High   50% Medium-High Medium-High
San Diego (Mid Coast Corridor Project)   Medium-High   36% Medium-High Medium-High
San Juan (Tren Urbano, Minillas Extension)   Medium   80% Medium-High Medium
Seattle (Everett to Seattle Commuter Rail)*   Exempt   24% N/A N/A
Stamford (Urban Transitway and Intermodal Transportation Center)   Medium   75% Medium Not Rated
Tacoma (Lakewood-to-Tacoma Commuter Rail)*   Exempt   29% N/A N/A
Washington County (Wilsonville to Beaverton Commuter Rail)*   Exempt   30% N/A N/A
Washington DC (Dulles Corridor Rapid Transit)   Medium   78% Medium Medium
* This project has not been rated; under §5309(e)(8)(A), proposed new starts projects requiring less than $25.00 million in §5309 new starts funding are exempt from the project evaluation and rating process required by §5309(e).
** "Not Rated" indicates that sufficient information for a complete evaluation of this project was not available for this Report; for information on a specific project, see Appendix A.
"N/A" = Not Available