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Rail News Home High-Speed Rail

5/12/2020



Rail News: High-Speed Rail

Report: High-speed rail to boost California economy


Since its inception in 2006, CHSRA’s system planning and construction has generated up to $3.6 billion in labor income.
Photo – CHSRA Facebook

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The California High Speed Rail Authority’s (CHSRA) first phase of a project to build a high-speed rail system will generate $46 billion in labor income and $131 billion in economic output over the course of the project, authority officials said in a press release.

In 2019, the system generated $600 million in labor income, and produced $1.6 billion in economic output, officials said.

Since its inception in 2006, CHSRA’s system planning and construction has generated up to $3.6 billion in labor income and created up to $9.2 billion in economic output, according to the authority’s 2020 economic impact report.

Economic output is defined as the direct and indirect economic activity induced by high-speed rail workers who spend their earnings throughout the local and regional economy.

To date, at least 700 private sector firms have been contracted to work as maintenance yard workers, station managers and others to operate and maintain the system.

 

 



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