Investments in Public Transportation and High-Speed Rail Will Create American Jobs and Spur Economic Recovery
The American Public Transportation Association (APTA) is extremely pleased with the federal investment proposed for public transportation and high-speed rail in President Obama’s FY 12 budget.
“We applaud President Obama for his leadership and vision in making public transportation and high-speed rail programs a high national priority,” said APTA President William Millar. “Given the difficult federal budget environment and the need to grow jobs and the economy, the President’s proposal recognizes the difference between spending and investment.”
“We’re also pleased that he outlines a robust, multi-year authorization bill which includes the creation of a truly multi-modal trust fund that ensures the money intended for surface transportation is spent on surface transportation.”
President Obama’s investment in public transportation will create American jobs and spur economic recovery. Public transportation is a proven job creator as every $1 billion invested in public transportation creates and supports 36,000 jobs. Also, for every $1 invested in public transit, $4 is generated in economic returns.
“We urge the Congress to move expeditiously on the President’s budget and authorization proposal,” said Millar.
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The American Public Transportation Association (APTA) is a nonprofit international association of 1,500 public and private sector organization which represent a $68 billion industry that directly employs 420,000 people and supports millions of private sector jobs. APTA members are engaged in the areas of bus, paratransit, light rail, commuter rail, subways, waterborne services, and intercity and high-speed passenger rail. This includes: transit systems; planning, design, construction, and finance firms; product and service providers; academic institutions; transit associations and state departments of transportation. APTA is the only association in North America that represents all modes of public transportation. APTA members serve the public interest by providing safe, efficient and economical transit services and products.