After exhaustive research from credible sources, we found the road expansion project, the railroad project and the ferry improvement project which are the major transportation infrastructure projects in the Pacific Northwest that provide positive economic statistics.
CALCULATION FOR ANNUAL PROJECTED REVENUE FOR WASHINGTON STATE FERRY SYSTEM
Based on the figures obtained from ferry fares for the period 2017-2019, biennium = $785 million.
Projected rider increase from 2019 to 2040 = 30%.
Therefore, the projected revenue for 2039-2040 biennium is calculated as $785 million X 1.30 = $1,020.5 million.
major transportation infrastructure projects in the Pacific Northwest
1. SPOKANE WASHINGTON ROAD EXPANSION
The state and county has invested $717,000 in this project. The main objective of the project is to build a 550,000-square foot parts distribution center by supporting the Caterpillar Logistics Center. This plan is to widen and realign the county road to enhance public safety.
As a result of the project, 188 jobs were created, $218,292 new tax dollars generated, the value of lands abutting the road increased by $34.012 million, and $46.5 million new dollars injected into the Washington state economy.
2. AMTRAK CASCADES LINE — EUGENE OREGON TO VANCOUVER BRITISH COLUMBIA
Federal and the state governments invested $58.92 million in this project, which led to the annual value of $966,000 in emission reductions from traveling by Amtrak train versus traveling by car. It also reduced the accident risks by cars, which then saved insurance companies, the health care system, and victims (from loss of income) $7.95 million. According to a report by Amtrak trains, 49% of riders were tourists, and $4.457 million federal taxes, $141,000 state taxes, and $77,000 local taxes were generated from these tourists.
3. WASHINGTON STATE FERRY SYSTEM UPGRADING AND EXPANSION
This is an investment of $14.6 billion that will cover more than 20 years. The recently-released plan for infrastructure improvements to the Washington State ferry system through 2040 states that ferry ridership is expected to grow more than 30%, from 24.5 million riders annually in 2017, to approximately 32.5 million in 2040. Tolls and ferry fares are projected to generate $785 million during the 2017 to 2019 biennium. The
projected annual revenue for 2039-2040 biennium will be just over $1 billion. (30% of $785 million calculated).