29 Apr '16, 2pm

6 Ways High-Speed Rail Will Benefit Texas, Transportation Industry

6 Ways High-Speed Rail Will Benefit Texas, Transportation Industry

While the benefits to schools would be felt statewide, all counties along the route would receive significant, long-¬term benefits during and after construction of the landmark project. More than $1 billon will be invested in Grimes County, home of the project's Brazos Valley stop, resulting in more than $50 million in additional tax revenues to the County over the next 25 years. This is a first of its kind project where privately-developed infrastructure will be funding other public infrastructure. Create Jobs The construction and operation of the Texas high-speed rail will create an estimated 40,000 jobs during the four years of construction. Once high-tech transportation industry is created, it will employ about 1,000 people with an estimated annual payroll of $80 million. New Development The development of the three high-speed rail stations along the route will spur ec...

Full article: http://www.metro-magazine.com/blogpost/711990/6-ways-high...

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