Saturday 25 November 2017

Roads are not 'investments'

The Taoiseach and the Transport Minister say the Shannon tunnel and Newry bypass are "investments" that will boost industry, create jobs, generate industrial growth and encourage tourism -- the catechism of all road projects.

However, despite, or perhaps because of, the expenditure of a major part of GNP on roads over the last few decades, the result is the worst economic depression ever, with crippling national debt, mass unemployment and businesses tumbling like dominoes, which seems to disprove the theory.

The dictionary defines 'investment' as the outlay of money to make a profit, but roads have never made a profit and were never intended to.

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