Economic Studies
CFX Powers the Region’s Economy
The Central Florida Expressway Authority’s $2.5 billion Five-Year Work Plan (Fiscal Year 2020-2024) 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 2020-2024 Five-Year Work Plan will have a substantial economic impact on the region. The study found that CFX’s plan is projected to:
- Create an estimated 5,224 jobs annually in the Central Florida region, plus generate an additional 719 jobs elsewhere in Florida
- Generate $1.4 billion in wages and income to the region
- Stimulate $4.6 billion in total output (overall gross business sales)
- Contribute $2.4 billion in overall gross domestic product
Furthermore, the study revealed other benefits of CFX’s strategic plan to expand and improve its toll road network over five years:
- Area households will save a combined $33 million in annual out-of-pocket costs
- Each household will save an average of 62 travel hours a year, or $729 a year
- Area businesses will save an estimated $11 million in fuel consumption costs
- Less harmful emissions, reduced annually by $20.8 million
- Reductions of $308 million in costs related to travel and accidents
Other CFX Plans
Additional Resources
CFX Contact Information
4974 ORL Tower Road
Orlando, FL 32807
Phone: (407) 690-5000
Fax: (407) 690-5011
Email: info@CFXway.com