Ibec - for Irish business
 
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Transport

29 March 2016
The economy can grow by between 3% and 4% annually over the coming decades, but only if we invest wisely now. Capital expenditure is essential for enhancing the productive capacity of the economy and thus generating economic growth. By doubling the investment in infrastructure to 4% of GDP by 2020 we can complete the motorway network, increase capacity in our ports, airports and build more primary schools for our growing population.
Ibec believes the government should:
  • Bring forward the mid-term review of the Infrastructure and Capital Investment Plan, with a view to completing it in 2016. It needs to be much more ambitious, particularly in the provision of major road upgrades along the Atlantic Corridor.
  • Relax the arbitrary constraint PPP finance for capital projects in the transport sector.
  • Engage actively with industry on the implementation of national action plans for decarbonising transport.
  • Take measures to reduce traffic congestion, particularly in the Greater Dublin Area, while ensuring that the movement of essential freight by road is afforded adequate priority. Mitigating measures include a number of light rail and bus options, as well as the promotion of safe cycling routes.
  • Support an ambitious programme of investment in alternative road transport fuel infrastructure, including renewables and low-carbon fossil fuels.
  • Increase investment and operational funding for public transport to encourage more sustainable travel modes. Initiatives should include Park & Ride options at various locations.
  • Plan for enhanced commuter access and rapidly increasing passenger throughput at Dublin Airport. Ibec supports the development of the Metro North project but would like to see it come on line much sooner than 2026. Improving road access to the airport from the M2 motorway would serve to reduce congestion on the M50 and M1.
  • Ireland’s seaports handle over 90% of the State’s international merchandise trade and are essential to the economic prosperity of their respective regions. Ibec supports the upgrading of key access routes to the country’s ports. We also urge DTTAS needs to press for reform of the country’s archaic, dysfunctional Foreshore legislation.

Capital expenditure is essential for enhancing the productive capacity of the economy and thus generating economic growth.