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ECONOMIC STUDY HIGHLIGHTS:
CONSTRUCTION SPENDING
The Pennsylvania Turnpike Commission estimates that the I-95 Interchange Project will cost $553 million (based on 1999 dollars) and require approximately 15 years to construct. Preliminary and final engineering is scheduled to occur between 2000 and 2004. Significant economic benefits from construction spending would be realized in 2004, the proposed start date for construction, and would end upon project completion in 2015. Construction spending impacts will occur only if the I-95 Interchange Project is approved. |
Potential PA Turnpike/I-95 Interchange Construction Spending |
Since 90% of the project's costs would be federally-funded, the construction spending impacts would come from new dollars entering the region. The construction spending would lead to additional employment through two primary means:
- Design and project engineering: Hiring engineers and planners to design the highway facilities (roads, bridges, lighting, signage)
- Construction: Hiring construction contractors to build the highway facilities, as well as purchasing construction materials (concrete, steel, equipment)
Ultimately, the construction spending would increase employment, business sales, and personal income both regionally and locally in the following ways:
- 500 regional jobs per year (300 in Bucks County)
- $630,000,000 in business sales ($415,000,000 in Bucks County)
- $340,000,000 in personal income ($150,000,000 in Bucks County)
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 Total Employment Impact Due to Construction |
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