Table 1-A: Summary of New StartsProject Ratings for FY 2004 Budget

Table 1-A: Summary of New StartsProject Ratings for FY 2004 Budget


Phase and City (Project) Total Capital
Cost
(millions)
Total
Sect. 5309
Funding
Requested
(millions)
Section 5309
Funds Share
of Capital
Costs
Overall Project
Rating
Financial
Rating
Project
Justification
Rating
Final Design
Baltimore, MARC Penn-Camden Connection (2) $30.8 YOE $12.4 40% Exempt Exempt Exempt
Chicago, Ravenswood Expansion Project (3) $529.9 YOE $245.5 46% Not Rated Medium Not Rated
Cleveland, Euclid Corridor Transportation Project $245.7 YOE $122.8 50% Recommended Medium Medium
Galveston, Rail Trolley Extension (2) $9.4 YOE $8.3 88% Exempt Exempt Exempt
Girdwood, Alaska Railroad - South Anchorage Double Track (2) $7.0 YOE $5.6 80% Exempt Exempt Exempt
Girdwood, Alaska Railroad - Eagle River to Knik River Track Improvements (2) $12.5 YOE $10.0 80% Exempt Exempt Exempt
Girdwood, Alaska Railroad - Knik River to Wasilla Track Improvements (2) $11.3 YOE $9.0 80% Exempt Exempt Exempt
Little Rock, River Rail Project (2) $15.1 YOE $8.6 57% Exempt Exempt Exempt
Los Angeles, LOSSAN Rail Corridor Improvements (2) $27.2 YOE $10.0 37% Exempt Exempt Exempt
Nashville, East Corridor Commuter Rail (2) $37.6 YOE $23.0 61% Exempt Exempt Exempt
New York, Long Island Rail Road East Side Access $5,264.0 YOE $2,632.0 50% Recommended Medium Medium-High
Pawtucket, Commuter Rail Improvement Program (2) $18.5 YOE $10.0 54% Exempt Exempt Exempt
Prince William, Alaska Marine Highway System (2) $38.5 YOE $24.9 65% Exempt Exempt Exempt
Seattle, Central Link Initial Segment $2,491 YOE $500.0 20% Highly Recommended Medium-High Medium-High
Preliminary Engineering
Boston, Silver Line Phase III (4) $951.9 YOE $571.1 60% Recommended Medium Medium
Bridgeport, Intermodal Transportation Center (2) $62.4 YOE $24.9 40% Exempt Exempt Exempt
Burlington, Burlington-Essex Commuter Rail Project (2) $25.2 YOE $19.4 77% Exempt Exempt Exempt
Charlotte, South Corridor LRT $370.8 YOE $185.4 50% Recommended Medium-High Medium
Cincinnati, Interstate 71 Corridor LR $899.9 YOE $449.9 50% Not Recommended (OC) Low-Medium Medium
Columbus, North Corridor LRT $501.8 YOE $250.9 50% Recommended Medium Medium-High
Dallas, Northwest/Southeast Light Rail MOS $1,237.5 YOE $500.0 40% Recommended Medium Medium
Denver, West Corridor LRT (4) $686.6 YOE $412.0 60% Recommended Medium Medium
Fort Collins, Mason Street Transportation Corridor (4, 5, 6) $66.0 YOE $52.3 79% Not Recommended Low Not Rated
Harrisburg, CORRIDORone Rail MOS (2) $75.8 YOE $24.9 33% Exempt Exempt Exempt
Hartford, New-Britain - Hartford Busway (7) $160.0 YOE $79.4 50% Not Rated Medium Not Rated
Honolulu, Primary Corridor Transportation Project $700.5 YOE $231.6 33% Recommended Medium High
Johnson County, I-35 Commuter Rail (2) $30.9 YOE $24.8 80% Exempt Exempt Exempt
Las Vegas, Resort Corridor Fixed Guideway $324.8 YOE $159.7 49% Recommended Medium Medium-High
Los Angeles, Mid-City/Exposition LRT (7) $631.5 YOE $315.6 50% Not Rated Medium Not Rated
Lowell, MA- Nashua NH, Commuter Rail Extension (2) $40.7 YOE $18.0 44% Exempt Exempt Exempt
Miami, North Corridor Metrorail Extension 731.9 YOE $365.9 50% Not Recommended (OC) Low-Medium Medium
Minneapolis, Northstar Corridor Rail Project (8) $301.9 YOE $150.9 50% Not Recommended (C) Low-Medium Not Rated
New Orleans, Desire Corridor Streetcar (4) $116.1 YOE $69.7 60% Not Recommended (J) Medium Low-Medium
New York, Second Avenue Subway $16,809.0 YOE $8,404.0 50% Recommended Medium Medium
Norfolk, Norfolk LRT $222.0 YOE $111.0 50% Not Recommended (J) Medium Low-Medium
Orange County, Centerline LRT Project (7) $2,110.7 YOE $1,055.4 50% Not Rated Medium-High Not Rated
Philadelphia, Schuylkill Valley MetroRail (4, 5) $1,831.7 YOE $1,465.4 80% Not Recommended (C) Low Medium
Phoenix, Central Phoenix/East Valley Corridor $1,183.5 YOE $591.7 50% Highly Recommended Medium-High Medium-High
Pittsburgh, North Shore Connector LRT (4) $389.9 YOE $233.9 60% Not Recommended (OC) Low-Medium Medium
Raleigh, Phase I Regional Rail Project (4) $832.2 YOE $447.0 54% Recommended Medium Medium
San Diego, Mid-Coast Corridor (7) $134.2 YOE $65.8 49% Not Rated Medium-High Not Rated
San Francisco, New Central Subway Project (4, 5, 9) $763.8 YOE $531.7 70% Not Recommended Low Not Yet Available
San Juan, Tren Urbano Minillas Extension (4, 5, 6) $561.5 YOE $449.2 80% Not Recommended Low Not Submitted
Santa Clara County, Silicon Valley Rapid Transit Corridor (9) $4,770.0 YOE $973.0 20% Not Yet Available Medium Not Yet Available
Seattle, Everett-to-Seattle Commuter Rail (2) $104.0 YOE $24.9 24% Exempt Exempt Exempt
Seattle, Lakewood-to-Tacoma (2) $86.0 YOE $24.9 29% Exempt Exempt Exempt
Silver Spring, Silver Spring Intermodal Transit Center (2) $33.3 YOE $16.0 48% Exempt Exempt Exempt
Stamford, Urban Transitway and Intermodal Transportation Center Improvements (2) $24.0 YOE $18.0 75% Exempt Exempt Exempt
Tampa Bay, Tampa Bay Regional Rail (9) $1,455.5 YOE $727.7 50% Not Recommended (OC ) Low-Medium Not Yet Available
Washington, Dulles Corridor Bus Rapid Transit (4, 5) $357.1 YOE $214.3 60% Recommended Medium Medium
Washington, MARC Mid-Day Storage Facility (2) $26.6 YOE $9.9 37% Exempt Exempt Exempt
Washington County, Wilsonville to Beaverton Commuter Rail Project (4, 5, 9) $120.0 YOE $72.0 60% Not Yet Available Medium Not Yet Available

"N/A" = Not Available, "J" represents the Project Justification Rating, "O" represents the Operating Finance Rating, "C" represents the Capital Finance Rating.
(1) The following projects did not submit New Starts criteria for the FY 2004 Annual Report on New Starts: Austin Rapid Transit Project MOS, Louisville Transportation Tomorrow South Central Corridor LRT, Seattle Airport Link and the Seattle North Link. Thus, these projects are not shown on the table.
(2) 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.
(3) FTA and the project sponsor were unable to successfully implement the software necessary to calculate the user benefit information for this project. However, FTA and the project sponsor have calculated an estimate of user benefits, which we believe to be reasonable and which would result in a "Recommended" rating for the project. FTA will continue to work with the project sponsor to implement the software and confirm this estimate.
(4) The Administration is seeking legislation that would limit the Federal New Starts share to no more than 50 percent beginning in FY2004. Future ratings of these projects would be affected by that change.
(5) The Conference Report accompanying the FY 2002 Department of Transportation Appropriations Act instructs that, as of October 1, 2002, no new Full Funding Grant Agreements may be executed with a Federal New Starts share greater than 60 percent. Accordingly, in the future, project financial ratings will reflect this Congressional instruction at all stages of project development.
(6) The project sponsor did not submit information for this measure.
(7) This project was "Not Rated" for project justification, mobility, cost-effectiveness and the overall rating because FTA has serious concerns about the information submitted for these measures; the underlying assumptions used by the project sponsor may have produced an inaccurate representation of the benefits of the project. FTA continues to work with this project sponsor to validate the assumptions, information, and projections. This information will be made available to Congress and other interested parties when the issues are resolved.
(8) This project was "Not Rated" for project justification, mobility, and cost-effectiveness because FTA has serious concerns about the information submitted for these measures; the underlying assumptions used by the project sponsor may have produced an inaccurate representation of the benefits of the project. FTA continues to work with this project sponsor to validate the assumptions, information, and projections. This information will be made available to Congress and other interested parties when the issues are resolved.
(9) Projects not submitting transportation system user benefit information have been rated "Not Yet Available" for the project justification, mobility and overall rating.