07 February 2008
Transport: Research boosts case for Metro expansion
Tram route extensions to Midland Metro could generate more than 14,500 new jobs for Birmingham and the Black Country, boosting the regional economy by more than £500M a year, according to new research.
The Centre for Economic and Business Research said phase one plans for two new tram routes – from Snow Hill through Birmingham city centre to Five Ways, and from Wednesbury to Brierley Hill – could create 5,300 new jobs and boost the regional economy by £178M a year. However, it also claimed a second phase of expansion on three new metro lines would bring even great economic benefits.
CEBR’s report to Centro-WMPTA said if all second phase routes were built, a further 9,000 sustainable new jobs could be created bringing an additional £330M boost to the economy.
Ministers are expected to make a decision on £300M in funding for Midland Metro later this year, but have already said they want to see new routes linked to a package of road pricing and congestion charging across the West Midlands.
Centro said phase two tram routes were vital for tackling congestion and promoting economic growth. Centro chairman Gary Clarke said: ‘The findings show just how strong the business case is for these metro extensions and how quickly they can pay for themselves.
‘While it has always been accepted that jobs would be created during the construction phase, this study confirms how the benefits of improved access will feed into the local economy after opening. The metro can act as a catalyst for economic growth.
‘Our plans for phase one are complete and we are ready to move forward.’