The Greater Toronto and Hamilton Area (GTHA) and Ontario are at a crossroads, grappling with the escalating challenge of traffic congestion. A recent study commissioned by ORBA and RCCAO, and conducted by the Canadian Centre for Economic Analysis highlights the profound economic and social impacts of this issue, reinforcing the need for urgent action.
Key Findings from the Study:
đź’° Economic Costs: Traffic congestion costs Ontario $56.4 billion annually, with $44.7 billion within the GTHA alone
📉 Lost Productivity: Long commutes and delays significantly reduce business revenues and limit jobseekers’ ability to pursue opportunities
🏡 Quality of Life: Over half of GTHA residents have considered relocating due to daily frustrations with gridlock.
To combat this crisis, the study underscores the importance of strategic infrastructure investments, including:
đźš› Highway 413: This vital project will provide much-needed capacity in the GTHA, easing congestion and improving the movement of goods and people
🛣️ Twinning Highway 69: Enhancing this critical corridor between Northern and Southern Ontario will bolster economic development and improve travel safety and efficiency.
With Ontario’s population projected to grow by 41.7% over the next 27 years, our highways and transit systems must evolve to meet future demands. These projects are essential for unlocking Ontario’s economic potential, enhancing productivity, and improving the quality of life for residents.
The Ontario Road Builders' Association is committed to working with policymakers, business leaders, and communities to prioritize these key infrastructure investments. The time to act is now.
🗞️ Press release: https://lnkd.in/eJsESkfR
đź“– Read the full report: https://lnkd.in/ek5hm_sb
