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High Speed Rail 6-28-22 1 2

Competitiveness



HSR is key to maintaining global economic competitiveness – acting now is key to avoiding higher costs down the line


Stern 5/14 (Rachel, Junior fellow at the society of fellows at Harvard University, “High-Speed Rail Key to Job Creation, Supporters Say in Rally”, http://santacruz.patch.com/articles/high-speed-rail-key-to-job-creation-supporters-say-in-rally-9b0983f0, LCS)

Still, "there are far more risks to not moving forward," said Daniel Krause, the co-founder and executive director of Californians for High-Speed Rail at the rally. "It will cost much more to expand airports and freeways to create the same amount of transportation capacity," said Krause, who pointed out that the project would in turn also lead to higher air pollution and risk of automotive deaths. The borrowing costs of the project, he continued, would be offset with the requirement than any of Prop 1A used must be matched with a non-state source of funds, "injecting billions of dollars into our state’s economy." The project’s supporters include San Jose Mayor Chuck Reed and San Francisco Mayor Ed Lee, who has stated that the project is necessary "to maintain our global economic competitiveness." San Francisco International Airport also counts itself as a project supporter, said Airport Director John Martin in a statement he issued earlier. "Passenger traffic at SFO is expected to grow to 50 million passengers by 2025," he said. "High-speed rail will reduce the need for short-haul commuter flights and provide greater ability for SFO to accommodate international and long-haul domestic flights." Now is the time to act on the rail before costs become higher, said Vance Pope a construction operating engineer from Redwood City, after the rally. "The longer you wait," he said, "the more it’s gonna cost so you might as well get it done." "The High-Speed Rail would create a lot of jobs for our members," said Alfredo Quintana, a Milpitas construction worker from Laborers Local 270.




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