The analysis forecasts 26,322 person years of new direct employment, 43,800 person years of total employment, $2.96 billion in wages, and $4.48 billion toward GDP in Metro Vancouver over its 10 year life span. Additionally, the area would experience an 8.2% decrease in greenhouse gas emissions from transport, versus a business as usual approach, and the plan would save more than $1 billion in traffic congestion costs. By improving by 7% the number of jobs accessible by transit, the Plan would support targets for livability, growth, and location of employment.
The study is a co-publication of Green Jobs BC and Blue Green Canada. In February 2015, the Mayors Council had released a report by InterVISTAS Consulting, The Economic Impact of Mayors’ Transportation and Transit Plan 2014 – 2045. That report forecasts direct, indirect and induced jobs, finding 40,000 jobs created for the capital phase, and 197,000 created in operations from 2014-2045. The consultants’ report doesn’t address other economic benefits such as reduced congestion, improved goods movement, and improved labour mobility, nor does it forecast the environmental benefits. The Transit Plan is subject to a Referendum vote underway until May 29, 2015.