Dovetailing with the U.S. Dept. of Transportation announcement that 24 states were vying for the $2.4 billion in high-speed rail funds rejected by Florida Gov. Rick Scott (R), public transit advocates released a report contending that high-speed and intercity passenger rail projects will stimulate construction, manufacturing sector and long-term job growth. According to the report, for each $1 billion invested in HSR projects, 24,000 jobs will be created.
Kevin McFall, senior vice president with Stacy and Witbeck, Inc., Alameda, Calif., a general contractor, called construction of transit, rail—and high-speed rail—a “shot in the arm” at an April 6 press conference. “I have had firsthand exposure to the benefits of these kind of projects in the communities in which we build them,” he said.