The forecast is for a 3.6-percent increase in construction spending statewide, with statewide industry employment growing 3.7 percent, according to UHERO’s report:
As Yes2Rail has insisted repeatedly, Honolulu rail is not a “jobs project.” It’s a transportation project that will restore mobility – the ability to move at will through the urban corridor by elevated rail without regard to surface traffic congestion.
But jobs certainly will be created, and that has to be good, as UHERO notes: “The timing of rail construction is advantageous given the relatively slow pace of recovery expected for residential and non-residential sectors.”
UHERO adds this note of caution, however:
The Honolulu Star-Advertiser has a summary of UHERO’s report.
To that we’d add, there’s no time like the present to begin building this critical piece of Honolulu’s infrastructure, which will serve future generations of Oahu residents throughout the 21st century with enhanced mobility, travel reliability and transportation equity.