Economic Impact
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Importance and Economic Benefits
The preferred Lakeshore East GO train extension along the option one alignment, north of Hwy 401:
- will create positive economic benefits satisfying the Province’s first priority of creating and protecting jobs for the people of Ontario by enabling local investment, job creation, business attraction, expansion and retention, ensuring the long-term economic health of Durham Region.
- has strong local support;
- is aligned with Provincial plans; and
- satisfies the Province’s desire “…to make life easier for you and your family, so you can get ahead” as it addresses quality of life (physical and mental impacts of commuting by car).
The implementation of the Lakeshore East GO rail extension, north of Hwy 401, as proposed under option one would address Metrolinx's challenges including population growth, disconnected transit, traffic congestion, economic competitiveness, demands/needs of an aging population, and urbanization and urban sprawl, as well as and support it's mandate.
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 infographics show the economic impacts of the GO train east extension.
