A new study called The Economic Cost of Failing to Modernize Public Transportation shows that failing to address this backlog will result in a $340 billion loss in business revenue to the U.S. economy over a six-year period — nearly $60 billion dollars annually.
This is just one of the many wide-ranging negative effects of failing to address the public transit backlog. The report, which was conducted by the Economic Development Research Group for the American Public Transportation Association (APTA), shows the extent to which deteriorating public transit impacts Gross National Product (GNP), and results in lost jobs and wages.
Aging public transit infrastructure in America leads to lost time in travel and makes a region’s economy less productive. It slows down workers’ economic output, which directly impacts business revenue in our economy. Such a lack of productivity causes a decrease of $180 billion in America’s GNP, which includes a loss of $109 billion in household income and 162,000 jobs over the same six-year time frame referred to earlier.
Visit [ Ссылка ] to read the report.
