Economic Studies

CFX Powers the Region’s Economy

The Central Florida Expressway Authority’s $4.0 billion Five-Year Work Plan (Fiscal Year 2024-2028) is an economic engine, powering growth in employment, income and business sales while also yielding savings in time and money for households. The Work Plan strategically identifies projects to be funded over a five-year period.

According to a study by the Center for Urban Transportation Research (CUTR), CFX’s 2024-2028 Five-Year Work Plan will have a substantial economic impact on the region. The study found that CFX’s plan is projected to:

• Contribute $214 million in local and state tax revenues
• Stimulate $7.1 billion in total output (overall gross business sales)
• Help curb CO₂ emissions by about 1.2 percent in the region
• Reduce costs of health-related issues associated with tailpipe emissions by $18.7 million
• Result in annual savings of $104 million in fuel consumption costs
• Reduce costs related to travel and accidents by $106 million

As a result of the plan, area households and businesses will also realize:

• $1.4 billion in travel time savings – an average of $1,044 per household
• An average savings of 69 travel hours a year per household

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