Importance of Transport Uk
Investment and Growth * There has been a significant increase from 1250 billion tonne kilometres to 1724 tonne kilometres in the distance of trips travelled through the use of transport in the decade 1995 to 2005. This has been the case as vehicles such as cars have become more affordable and convenient to use in terms of their mobility. * In total around 159.08 billion Euros were spent by UK households on transport in 2005 * 51% of total expenditure in 2005 was on transport.
There has been a prediction that by 2025 that there will be an extra 4 million trips made every day by a form of transport. * 15% of final household expenditure was on transport in 2005 * Greater proportion than other EU countries
These figures strongly highlight the importance that transport has on everyday life. * Transport for London’s current ticketing and fare collection system processes transactions from over 10m journeys per day and over £3bn of revenue per annum.
* Blue line on graph= demand for new vehicles steadily increasing and black line shows that although the demand for old vehicles has decreased, the price index suggests that demand for the old vehicles is high
* Schemes such as the ‘Barclays Cycle Hire’ are a form of investment, which have doubled membership
* As a result this is predicted to generate an additional £6 million revenue for transport for London * However, despite the additional revenue, this loss making scheme is predicted to cost taxpayers £225 million by 2015/2016
Employment
* In the transport sector there are employment opportunities such as
-air, land and water transport, postal and courier activities and warehousing and support activities. * Overall around 1.45 million people, which is equivalent to 5% of the total employment in the UK are employed in this
There has been a prediction that by 2025 that there will be an extra 4 million trips made every day by a form of transport. * 15% of final household expenditure was on transport in 2005 * Greater proportion than other EU countries
These figures strongly highlight the importance that transport has on everyday life. * Transport for London’s current ticketing and fare collection system processes transactions from over 10m journeys per day and over £3bn of revenue per annum.
* Blue line on graph= demand for new vehicles steadily increasing and black line shows that although the demand for old vehicles has decreased, the price index suggests that demand for the old vehicles is high
* Schemes such as the ‘Barclays Cycle Hire’ are a form of investment, which have doubled membership
* As a result this is predicted to generate an additional £6 million revenue for transport for London * However, despite the additional revenue, this loss making scheme is predicted to cost taxpayers £225 million by 2015/2016
Employment
* In the transport sector there are employment opportunities such as
-air, land and water transport, postal and courier activities and warehousing and support activities. * Overall around 1.45 million people, which is equivalent to 5% of the total employment in the UK are employed in this