Translink 'contributes' £185m to the economy
Public transport company Translink makes an annual contribution of £185m to the Northern Ireland economy, according to a new report.
Translink, which operates bus and train public transport, launched the economic impact report by business advisory firm Grant Thornton to promote Bus + Train Week.
Grant Thornton economist Andrew Webb also said Translink accounted for over 6,000 direct and indirect jobs in Northern Ireland. That gave the company a total Gross Value Added (GVA) of over £185m every year. And it identified an average spend in the retail sector of £46 per journey on public transport.
The report carried out by Grant Thornton on behalf of Translink, covered other economic impacts for Translink, such as enabling health, education, tourism and environmental benefits. Citing research from the International Association of Public Transport, the report adds that every £1 invested in public transport generates a further £4.
Mr Webb said: "It is clear from our research that public transport is a vital cog in the local economy - delivering strong direct and indirect benefits."
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