High speed rail delivers many layers of economic benefits High speed rail delivers fast, efficient transportation so riders can save time, energy, and money. HSR is extremely reliable and operates in all weather conditions. HSR is not subject to congestion, so it operates on schedule every day without delay - especially during rush hour and peak travel times.
HSR spurs the revitalization of cities by encouraging high density, mixed-use real estate development around the stations. HSR also fosters economic development in second-tier cities along train routes. HSR links cities together into integrated regions that can then function as a single stronger economy. HSR broadens labor markets and offers workers a wider network of employers to choose from. HSR encourages and enables the development of technology clusters with fast easy access between locations. HSR also expands visitor markets and tourism while increasing visitor spending. HSR will lower ouf foreign trade deficit by hundreds of billions of dollars each year from purchasing foreign oil.
The many benefits HSR delivers spread throughout regions that have HSR, encouraging economic development across a large area.
"Dollars spent that get Americans out of cars will ease traffic, save money, reduce pollution, slow global warming, and make us less vulnerable to volatile oil oligarchs." -Bloomberg
Daily congestion causes constant delays and waste
Fast, efficient mobility - saves time, energy, and money
Save time, money, and energy with HSR
High Speed Rail is Good for America and Good for Business This is one important issue that Republicans and Democrats see the value in: The national high speed rail network will create millions of good jobs, stimulate the economy, create entirely new industries, be the catalyst for the next real estate boom, save businesses money, increase mobility, reduce dependence on oil, reduce our annual $700 billion trade deficit (purchasing foreign oil), and significantly increase national security. Jobs | Energy Security | Convenience | Productivity | TOD
"Cities that have high speed rail will be more competitive and better positioned to attract tourism, businesses, jobs, and high quality personnel."
-Here's the price Americans pay for a transport system that has become overcrowded, wasteful, slow, and expensive: $87.2 billion a year lost in gridlock, more than $750 for every U.S. traveler. That's more than 2.8 billion gallons of gas wasted - three weeks worth per traveler. And time wasted in traffic jams totals 4.2 billion hours - nearly one full workweek for every traveler. Other costs include 40,000 deaths & 4 million injuries / year. -The cost of domestic air-traffic delays, according to a 2008 analysis by the Joint Economic Committee of Congress, is as much as $41 billion annually, including $19 billion in increased operational costs for the airlines and $12 billion worth of lost time for passengers." -The environmental price tag has become starkly clear between ongoing climate change damage, plus repeated leaks and explosions such as the Deepwater Horizon drilling rig in the Gulf of Mexico a few years ago, killing 11 people and spilling 210 million gallons of oil. More than 57,000 square miles of the gulf, rich in fish, shrimp, oysters, and crabs, were closed to fishing because of the disaster.More info