The Cost of Congestion to
the Economy of the Portland Region
Executive
Summary
December 2005
Prepared for: Portland Business Alliance, Metro, Port of Portland and Oregon
Department of Transportation
Prepared by: Economic Development Research Group, Inc., Boston, MA
Conclusion:
The regions economy is transportation-dependent. Despite Portlands
excellent rail, marine, highway and air connections to national and international
destinations, projected growth in freight and general traffic cannot be
accommodated on the current system. Increasing congestion -- even with currently
planned improvements -- will significantly impact the regions ability
to maintain and grow business, as well as our quality of life.
Action is needed to remain competitive with other regions that are planning
large investments in their transportation infrastructure. This report finds
that:
-
Being a trade hub, Portland's competitiveness is largely dependent on efficient
transportation, and congestion threatens the regions economic vitality.
-
Businesses are reporting that traffic congestion is already costing them
money.
-
Failure to invest adequately in transportation improvements will result in
a potential loss value of $844 million annually by 2025 thats
$782 per household -- and 6,500 jobs. It equates to 118,000 hours of vehicle
travel per day thats 28 hours of
travel time per household annually;
-
Additional regional investment in transportation would generate a benefit
of at least $2 for each dollar spent. Rest of the E
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