This piece is derived from
a paper presented to the VeloCity Global Conference, Adelaide, South Australia,
27-30 May, 2014. The full paper can be read at http://www.slideshare.net/Catalystian/140528-ik-paper-v20. It is presented here as a contribution to better-informed decision-making in public policy.
Walking and cycling are too often thought
of as primarily having social and environmental benefits, but the economic
benefits are even greater and are sufficient in their own right to justify
funding of infrastructure and supporting programs.
While they do have useful social and
environmental benefits, walking and cycling programs deliver economic benefits that are
greater than most people realise, with BCRs of around 3 to 5. This is typically
more than most transport BCRs.
The financial benefits of walking and cycling,
that is the direct dollar benefits to individuals, are also substantial. Public
investment in walking and cycling has the same effect as a tax cut for those
who choose to change from car driving for some of their travel.
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Written and posted by Ian Ker, Deputy Convenor, STCWA
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