LinkedIn By Jim Tymon January 26, 2021
From the very beginning of America’s founding, investing in transportation infrastructure represented a key national policy goal. Starting with rivers, harbors, and post roads, then later with the construction of canals, the transcontinental railroad, and the Interstate Highway System, transportation infrastructure proved a critical lynchpin for increasing economic growth and improving the quality of life for the nation’s citizens.
Yet can you affix a monetary return for investing in transportation infrastructure?
In fact, you can – as exemplified by a recent report compiled by the Florida Department of Transportation.
The Florida DOT’s 39-page macroeconomic analysis found that state’s transportation projects should yield an average $4 of benefits for every dollar invested in roads and bridges, highway safety, transit, and seaports and waterways. Measured as a net present value of future benefits in constant 2018 dollars, that translates into $164 billion worth of user and economic benefits over the next 30 years in terms of cost savings and increased personal income. Those investments should also increase gross state product ($61 billion) and industry output ($99 billion) over the next three decades.
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