Ride a Bike – Save Money

Henry Gold writes about cycling infrastructure:

Last month both the federal and Ontario governments delivered budgets promising billions of dollars for infrastructure. It makes sense considering a 2013 study by CD Howe institute that estimates the congestion cost for Greater Toronto and Hamilton area to be between $7.5 billion to $11 billion per year. A recent study by the same institute for Metro Vancouver area estimates hidden costs of congestion per year to be between $500 million and $1.2 billion a year. So it would not be an exaggeration to say that overall congestion cost in Canada is over $15 billion per year and growing.

What if you had a magic wand and could reduce congestion by 1 per cent a year for several years and it required no new funds. Would you use the wand? What if the wand would also reduce pollution and the carbon released into the atmosphere? What if it would help companies with productivity, individuals’ health and even job satisfaction? Sounds like something out of science fiction, doesn’t it?

It’s not. A simple approach that has succeeded in putting over a half million commuters on bikes in the United Kingdom was a creation of an annual tax exemption. The “cycle to work” scheme encourages employees to cycle and allows employers to reap the benefits of a healthier workforce, not to mention the benefits to the population as a whole, including drivers. After all, one more bicycle on the road means one less automobile fighting for precious space. Plus less pollution in the air and less natural resources to be dug out and transported across the planet.

Read the whole article here.

One comment

  1. Never though you would support something like this Steve.
    More cyclists on the roadmay slow you down and get in your way….

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