APTA Study: Public Transit Investment Stimulates a 4-to-1 Return
A new report by the American Public Transportation Association (APTA) has identified at least $232 billion in critical public transportation investments. Additionally the association analyzed the impact of investment in public transportation and found that $232 billion spent over 10 years would stimulate a 4-to-1 return of $928 billion in economic activity over the next 20 years.
“Infrastructure investment consistently produces big financial returns,” said Gary Thomas, president and executive director of Dallas Area Rapid Transit (DART) at a March 18 press conference. “Every major DART project has proven that. This is the way to move our economy forward.”
The report was released during APTA’s annual legislative conference and comes as Congress looks to move an infrastructure bill forward this spring. Last week, the U.S. House of Representatives Transportation and Infrastructure Committee Subcommittee on Highways and Transit held a hearing examining how the federal government’s role in highway and transit policies need to change in order to meet the current and future challenges of the nation’s surface transportation network.
The full report can be obtained here.