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New Reports Say California Regions to Reap Big Benefits from State Infrastructure Bill

from Engineering News-Record

Six new reports by the American Road & Transportation Builders Association (ARTBA) find that because of the passage of Senate Bill (SB) 1 last year, California could see between $9.7 billion and $34.5 billion in economic activity throughout six of its major regions over the next decade. This activity will in turn help support thousands of new construction and non-construction related jobs, the report says. To get to these figures, the report calculates direct and indirect economic impacts of the bill, as well as the safety benefits, lower operating costs, reduced congestion, modernized equipment and increased mobility that ARTBA says will come from SB 1 investments. Also known as the Road Repair and Accountability Act of 2017, SB 1 was signed into law on April 28, 2017. The bill invests $5.4 billion annually over the next decade to fix California’s transportation system. more

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