AECOM, 2010, commissioned by the City of Sydney
In 2010, the City of Sydney commissioned independent research to quantify the economic benefits of the proposed Inner Sydney Regional Bike Network.
The study by AECOM* found the network would deliver at least $506 million - or $3.88 for every dollar spent - in net economic benefits over 30 years, and reduce Sydney's traffic congestion by 4.3 million car trips a year.
The study forecasts a 66 per cent increase in bike trips by 2016 and a 71 per cent rise by 2026 if the 284 km network - spanning 15 council areas, 164 suburbs and a population of 1.2 million people - is built at a cost of $179 million.
The economic desirability of developing the Inner Sydney Regional Bicycle Network for the purposes of informing submissions to Federal and State bodies for project funding. As part of this study, usage forecasts were prepared to estimate the additional levels of cycling that will be generated from an expanded and improved cycle network.