January 27, 2015

Referendum: Reasons for Yes – More jobs in transit investment than in highway construction

American report:

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Jobs

Spending on transit generates more jobs than spending on highways.

Based on data from Transportation Improvement Programs (TIPs) in 20 metropolitan areas, this study shows that the proportion of total transportation dollars spent on transit varies from 15 percent to 75 percent.

Metropolitan areas that give a higher priority to transit generate more jobs per dollar spent on transportation.

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Canadian report:

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CUTA

 

A recent cost‐benefit analysis of a large‐scale national investment in transit found that an investment of $71bn in capital costs would return fully $239bn in benefits over 30 years, or an annual rate of return of 12.5%

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