Implementation of congestion pricing on the five GO TO 2040 projects would have major economic benefits as shown in a CMAP Policy Update, including:
- Expanding the labor and consumer markets reachable in a 40-minute drive, for better access to airports, intermodal facilities, etc.
- Increasing gross regional product an estimated $2 billion annually.
- Increasing business output – defined as final sales by industry – about $94 billion in constant dollars from 2016 to 2040. Manufacturing, wholesaling, and transportation-related sectors would see about a quarter of this increased output, while the finance, insurance, and real estate industry sector and certain services would account for about half.
- Creating nearly 40,000 permanent new jobs within a decade after the expressways open, for total new wages of some $2.3 billion.