PA Turnpike / I-95 Interchange Project

Travel Cost Savings

Since the PA Turnpike and I-95 are not directly connected, the interstate highway network is incomplete in Bucks County and the Greater Philadelphia region. If the PA Turnpike/I-95 Interchange Project is constructed, it would create a more efficient highway network by:

  • Reducing travel distances
  • Reducing travel times
  • Reducing accident rates, as a result of reducing travel time
2025 System-Wide Mileage and Travel Time Changes
 
VEHICLE MILES TRAVELED (VMT)
VEHICLE HOURS TRAVELED (VHT)
No-Build
122,436,254
4,273,722
Build
122,269,651
4,263,654
Savings
166,603
10,068

In 2000, these reductions, or travel cost savings, translated into more money in commuters' pockets and more savings for businesses depending on quick truck deliveries for efficient operations. As a result, the potential economic benefits were:

  • $5,900,000 in business savings in 2010, rising to $38,700,000 in 2025
  • $1,400,000 in household out-of-pocket savings in 2010, rising to $11,600,000 in 2025

These travel cost savings also meant increased productivity for regional firms, allowing them to expand their profitability and employment base. As a result, the economic benefits were:

  • 1,200 regional jobs by 2025 (178 in Bucks County)
  • $125,000,000 in regional business sales by 2025 ($20,000,000 in Bucks County)
  • $50,000,000 in regional personal income by 2025 ($8,000,000 in Bucks County)


Regional Employment Growth Due to Travel Cost Savings

Related Links
You also may download the full report (60 pages) of the economic impact study for complete analyses and results, or its executive summary (20 pages) for study highlights.

 

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