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An ultra-high-speed rail line between Vancouver and Portland would create hundreds of thousands of jobs and billions in economic benefits for the Vancouver-Seattle corridor, according to an economic analysis.

The analysis, which was paid for by Microsoft and trade unions, was recently added to a rail line study that was conducted by Washington state’s department of transportation and released in December.

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The state’s report looked at three potential technologies and three possible routes for an ultra-high-speed rail line. The economic analysis focused on a seven-stop route between Vancouver International Airport and the Rose Quarter station in Portland which has the highest potential ridership of about two million annually by 2035.

The analysis assumes the use of maglev technology, which uses magnets to lift a train off its tracks and move it along a guideway at more than 400 km/h, reducing the time it takes to get from Vancouver to Seattle to under an hour. It pegs the project cost at around $40 billion.