€1 invested in active travel returns €4 to economy - NTA
Summarized and contextualized by DistantNews.
At a glance
- Investing €1 in active travel infrastructure yields nearly €4 in economic benefits, according to a National Transport Authority (NTA) commissioned report.
- The report highlights benefits including improved public health, reduced congestion, increased tourism, and job creation, with investment costs recouped within six years.
- The NTA plans to invest €290 million annually in active travel infrastructure through 2030, building on nearly 950 kilometers delivered between 2021 and 2025.
Every euro invested in active travel infrastructure generates almost €4 in economic benefits, a new report commissioned by the National Transport Authority (NTA) reveals. The study emphasizes that these returns encompass improved public health, reduced workplace absenteeism, increased tourism, decreased traffic congestion, and the creation of thousands of jobs.
The report, conducted by Turley Planning Ireland and Arup, projects that the total investment in walking, cycling, and wheeling infrastructure from 2021 to 2030 will reach €1.97 billion. The anticipated economic benefits are valued at €7.73 billion. These gains are realized both directly through the 26,640 jobs created during the construction phase and indirectly through broader economic stimulation.
Choosing active transport modes over private car journeys results in savings for commuters as well as creating and maintaining jobs across various sectors around the country.
Commuters stand to save money by choosing to walk, cycle, or wheel instead of driving. Furthermore, reduced congestion and cleaner air in urban areas benefit all residents, not just active travel users. The report also notes that shorter travel times contribute to economic advantages. Increased participation in active travel leads to lower mortality rates and healthcare costs due to improved physical and mental health from exercise and more pleasant public spaces.
Financially, the report estimates that the cost of one year's investment is fully recovered by the sixth year of the infrastructure's operation. NTA CEO Anne Shaw stated that the report confirms the positive impact of the NTA's work with local authorities, benefiting both users of active travel networks and the wider economy. Minister for Transport Darragh O’Brien highlighted the report's findings as evidence of the positive financial impact of increased government funding for active travel since the start of the decade.
From job creation to the knock-on positive effects for other businesses, there are many reasons why continued investment in this area is good for all of us.
Originally published by RTÉ News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.