| Name |
Hudson-Bergen Light
Rail (Stage 1) |
| Location |
Hudson and Bergen Counties,
New Jersey |
| Mode |
Light Rail Transit |
| Description |
9.5 mile initial operating
segment of light rail
in Hudson and Bergen
Counties
Connects the
Hoboken Terminal to 34th Street Bayonne and Westside Avenue
in Jersey City. First segment of a planned 20.1-mile
LRT line from the Vince Lombardi Park-and-Ride lot in
Bergen County to Bayonne. |
| Sponsor |
New Jersey Transit
NJ Department of Transportation
Federal Transit Administration |
| Cost |
$1.1 billion |
| Type
of Finance |
Grant Anticipation
Notice (GAN)
Full Funding Grant
Agreemnet (FFGA) |
| Revenue
Sources |
DBOM
15 year fixed price operating contract |
| Project
Delivery / Contract
Method |
|
| Private
Investor Partner |
21st Century Rail Corporation
Raytheon (70%) Itochu Rail Car and Kinkisharo USA (30%)
|
| Project
Advisors |
Parsons Brinckerhoff
Booz Allen J. Parker
Nossaman, Guthner,
Knox & Elliott, LLP |
| Lenders |
|
| Status |
First 7.3-mile,
12-station phase
(from Bayonne
to Jersey City)
opened April
2000.
Second 1.0 mile,
3 station phase
in Jersey City
opened in November,
2000.
Third and final
1.2 mile 1-station
phase to Hoboken
Terminal to be
opened in September,
2002
|
| Innovations |
Part of the FTA Turnkey
Demonstration Program |
| Related
Links / Articles |
Moody's
Credit Rating*
FITCH
Rating of New Jersey Transit
Corp.'s Series 2000A Capital
Grant Anticipation Notes
used to refinance maturities
of an earlier GAN issued
in 1997.**
FITCH
Rating of New Jersey Transit
Corp.'s Series 2000B and
2000C Capital Grant Anticipation
Notes**
NJ
Transit Hudson-Bergen
Light Rail Homepage
|
| Contacts |
NJ TRANSIT CUSTOMER
SERVICE
1 Penn Plaza
East Newark, NJ 07105-2246
TEL: (800) 772-2222
TEL: (973) 762-5100
|
| Last
Updated |
NJ Transit, May 2002 |
|
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AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS,
PBCONSULT, AND MOODY'S HEREBY EXPRESSLY DISCLAIM ALL EXPRESS, IMPLIED
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and reliable. EACH REPORT IS PROVIDED "AS IS" WITHOUT
WARRANTY OF ANY KIND AND FITCH, INC., AASHTO, and PBCONSULT MAKE
NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY,
TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE OF ANY REPORT. Under no circumstances shall Fitch, AASHTO,
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|
