The findings of the study concluded the extension could increase Texas’ gross domestic product (GDP) by $55.6 billion, add 17,710 new jobs, decrease the crash rate by 21% and save $450 million in safety improvements. Using the GDP increase, the estimated return on investment for the extension is 76%.
Within the Ports-to-Plains Corridor, the travel cost savings are estimated by TxDOT to be $3.4 billion annually. Travel cost savings include vehicle operation, personal time and reliability, shipper logistics, and business time and reliability. Additionally, the interstate upgrade reduces average end-to-end travel times across the corridor, saving 89 minutes.
These savings provide businesses along the corridor improved access to the international markets and a wider range of customers within one day by truck distance.