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Economic Benefits Of Passenger Rail.pdf

fact_sheet_-_trains_and_the_economy_2015.pdf

Preview of economic benefits of passenger rail

🔗 Source: railpassengers.org

📊 Size: 381 KB

👤 Author: Production 2

⬇️ Downloads: 102

Summary

Investing in passenger trains can strengthen the US economy by promoting mobility, economic development, and energy efficiency, while creating jobs and enhancing Americans' standard of living. A strong passenger train program can generate new jobs, rebuild America's industrial capacity, and support 90,000 jobs in the rail manufacturing industry. Every $1 billion invested in rail can create 20,000 new jobs, with a potential 1.6 million construction and manufacturing jobs from a high-speed and intercity rail network. Investing in trains also fosters real estate development around stations, known as Transit Oriented Development (TOD), promoting non-rail jobs and energy-efficient lifestyles. The cost of not investing in passenger trains is high, with road congestion costing the US $121 billion in 2011, and this problem is expected to increase exponentially with a growing population. To remain competitive, the US must invest in a world-class infrastructure, with policy makers identifying a dedicated funding source, leveling the playing field for rail investments, and investing in a robust railroad network.

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Description

Investing in passenger trains can strengthen the US economy by promoting mobility, economic development, and energy efficiency, while creating jobs and...

Technical Information

File Format: PDF
File Size: 381 KB
Pages: 2
Language: EN
Author: Production 2
Total Downloads: 102
Last Updated: 3 days ago

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This PDF document about economic benefits of passenger rail provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into economic benefits of passenger rail.