MASSLIVE (May 6, 2021) — The Springfield/Hartford area has missed out on 130,000 new jobs since 1990, jobs that could have come here if the region had the commuter rail service enjoyed by other East Coast cities.

“That’s the major differentiating factor, the availability of rail,” said Jessica Jones, senior analyst for the engineering firm AECOM.

Improving rail service from New York City to Boston through Hartford, Springfield and Worcester could cost $6.4 billion to $9.4 billion over a 10-year-buildout. But that expenditure would yield $47 billion to $84 billion in new gross regional product over 30 years, according to a study AECOM prepared for Connecticut’s Capital Region Council of Governments and the Pioneer Valley Planning Commission in Springfield.

“It’s a once-in-a-lifetime opportunity,” said Kimberly H. Robinson, executive director of the Pioneer Valley Planning Commission. “That’s a 10-to-1 return. I think it would be transformative.”

The economic improvement would come in the form of recapturing 20,000 to 40,000 professional services jobs and 97,000 to 115,000 construction jobs, and in the form of transit-adjacent housing and commercial development, according to the study. The 25-page report is available online at crcog.org.

U.S. Reps. Richard E. Neal, D-Springfield, and Rep. John B. Larson, D-Hartford, announced the findings Thursday at Springfield Union Station. Both men said the funding is realistic under the Biden administration’s proposed $2.3 trillion American Jobs Plan.

Neal said funding passenger rail from central and Western Massachusetts into Connecticut is a matter of regional equity.

Boston deserves a first-class transportation system, he said. “But it’s not the only city in New England that deserves a first-class transportation system. We pay for the MBTA.”

Larson and Neal said they have discussed the project recently with Transportation Secretary Pete Buttigieg.

And Larson said the region has the political clout to get it done. Neal is chair of the powerful House Committee on Ways and Means. U.S. Rep. Rosa DeLauro, D-New Haven, is chairwoman of Appropriations. U.S. Rep. James McGovern, D-Worcester, is chairman of the Rules Committee.

“The time is now,” Larson said.

McGovern and U.S. Sen. Ed Markey stumped Wednesday in Worcester for a plan to make a $5 billion-a-year investment in passenger rail.