By Eileen Houlihan, senior writer/editor, ARTBA
An April 2017 California transportation investment law will generate nearly $183 billion in economic activity and user benefits over the next 10 years throughout all sectors of the state’s economy, according to a new 62-page analysis by ARTBA Chief Economist Dr. Alison Premo Black.
The law, known as State Bill 1, has begun supporting the repair, repaving and reconstruction of over 84,000 lane miles on nearly 19,000 miles of roadway, including more than 18,300 lane miles of urban interstate and 7,000 lane miles of rural interstate. It also is helping to ensure the replacement of an additional 556 bridges, resulting in 387 fewer structurally deficient or functionally obsolete bridges.
The additional demand of the improved infrastructure will support or create an average of over 68,200 jobs per year over the next decade, both inside and outside of the transportation construction industry. Beyond the 10-year analysis period, the law “will also provide infrastructure improvements that will lay the foundation for economic growth for the next generation,” Black said.
The nearly year-old Road Repair and Accountability Act included $5 billion annually in new investments for the state’s highways and local streets, bridges and transit systems. Black’s analysis quantifies the safety benefits, lower operating costs, reduced congestion, modernized equipment and increased mobility over the coming decade.
The study was commissioned by the California Alliance for Jobs, California Transit Association, and Transportation California.