Economic Impact
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What can you tell me about the Economic Impact Analysis?
Generating $1.1 billion in transit-oriented, walkable urban development that would enable:
- 21,000 permanent new jobs
- 6,000 person years in construction employment
- 6,000 new homes to be built within walking distance of a GO station;
- $70 million in annual savings for residents related to time, vehicle costs and improved road safety;
- 50 million kilometres a year reduction in private vehicle use, significantly reducing the amount of CO2 emissions;
April 8, 2016: Launch Event Presentation
April 8, 2016: Media Release: Huge jobs and investment unlocked for Durham Region with GO train lakeshore east extension
Letter to Ministry of Transportation April 8, 2016
The following scrolling Infographics carousel (place cursor on Infographic to reveal an advance arrow and hold button) shows four infographics that show the economic impacts of the GO train lakeshore east extension.
Photo Gallery: GO Infographics will appear here on the public site.
Who will pay for the project and will it affect my taxes?
The Province and hopefully the Federal government will be the major funders of this project. The Region and local municipalities will be responsible for related local road improvements.