I have noted from the statement by the chairman, in the latest annual report of CIE, that he has estimated the cost of gridlock to the CIE Group to be £40 million or 50.79 million a year in operating costs. However, he has also stated that the significant investment in public transport being made under the national development plan has begun to yield benefits. This investment is going towards extra services and extra capacity in both rail and bus as well as improving quality bus corridors and a new light rail system for Dublin.
In his statement, he also described in detail the progress made. Since that report, further progress has been made and more can be expected in the coming years as further projects are delivered. The most notable projects are the delivery of an additional 12 DART cars later this year or early next year, the first delivery of 80 diesel rail cars next year, the completion of the Luas project in 2003 and the delivery of additional QBCs. Since the NDP was launched, good progress has been made in expanding public transport and giving it the priority it deserves in tackling urban congestion.