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HSR key to economy—new jobs, increased tax base, develops renewables



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High Speed Rail 6-28-22 1 2

HSR key to economy—new jobs, increased tax base, develops renewables


Bolts and Emy 12- (Nancy Nagle AND Louie, Fast Trains- America’s High Speed Future, )//SR


The impact of building and maintaining a high-speed rail system on the economic health of a nation cannot be understated. New jobs are created in a wide variety of industry sectors that include: Manufacturing Jobs to manufacture rolling stock (train equipment) and signaling systems, and concrete, steel, and other materials needed to lay track and build “high-speed bridges.” High Tech Jobs to design and manufacture aerodynamic bodies, the bogie (chassis), traction transformers, traction motors, traction control, brake systems, and train control networks. Real Estate Development Building high-speed rail stations attracts new users to the land surrounding those stations. This expands the government tax base, offers new development and investment opportunities, increases economic development opportunities for businesses, and opens up housing markets. This translates into Transit-Oriented Development around the transportation hub, including new residential units, thriving shops, dining and lodging establishments, and car rental and car sharing companies for travelers who still need a car for part of their trip. and Hospitality High-speed rail service extends the geographical range of travelers, thereby opening more cities and towns to leisure and business travelers. Construction The large number of electrical and mechanical lines, railroad tracks, embankments, high-speed bridges--underpasses and overpasses for dedicated high-speed rail lines to keep high-speed train traffic separated from car traffic--will generate more construction jobs. Energy Development of renewable energy technologies and energy sector jobs will be needed to power electrified high-speed rail. Economic Gains from Improved Safety The introduction of the Japanese Shinkansen high-speed rail system resulted in less automobile travel and therefore, fewer fatalities and injuries from motor vehicle accidents. This translates into fewer healthcare and insurance costs and a reduction in costs associated with lost productivity. Economic Gains from Reduced Travel Time Studies from the Japanese Shinkansen high-speed rail system show that high-speed rail travel saves time. If passengers spend less time traveling, they will enjoy more leisure time and have more time for other activities of their choice and more vacation options. Business commutes are shortened so business and employment mobility increases. This expands the area in which to operate and do business. People are able to reach more business locations in less time, expanding employment opportunities. Impact on National Defense Disruptions in air transportation caused by events such as the 9/11 terrorist attacks and the 2010 volcanic eruption in Iceland demonstrate the vulnerability and fragility of air travel and the desirability of having additional land-based connections and travel alternatives for both civilian and military needs. High-speed rail offers “modal redundancy” to automobile and air traffic. creating another transportation alternative to automobiles and airplanes, high-speed rail will relieve highway and air traffic congestion by taking city-to-city travelers off the interstate highways and commuter airline flights. Travel congestion contributes to increased costs for products produced in the United States. As noted by Cox and Love (1996): “If traffic congestion is permitted to worsen, then American consumers will pay a heavy toll, in higher prices due to higher shipping costs, jobs lost due to foreign competition, reduced employment opportunities, and less leisure time.” Conversely, reducing congestion should help contain costs and lower prices, resulting in more competitive products.

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