Table 1c

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Table 1-C:
Summary of FY 2002 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
Chicago (North Central Corridor Commuter Rail) Medium-High 61% Medium-High Medium-High
Dallas-Ft. Worth (Trinity Railway Express - Phase II) ** Medium 39% Medium Medium
Little Rock (River Rail Project) * Exempt 65% N/A N/A
Los Angeles-San Diego (LOSSAN Rail Corridor Improvement 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) Low 49% Low Low
Cleveland (Euclid Corridor Improvement 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
Lowell, Massachussetts-Nashua, Hew Hampshire (Commuter Rail) Exempt 44% N/A N/A
Maryland (MARC Commuter Rail Improvements Projects) ** 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