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Parking charges contributes €100 million to the Exchequer every year

Parking is a big money-maker for local authorities who make €115 million on paid parking.

car parking
car parking

REVENUE MADE By car parking charges contributes €115 million to local authorities in Ireland, with private car parks making €80 million per year.

A new survey launched at the European Parking Congress in Dublin shows that the car parking industry is worth €360 million and employs 1,500 people in Ireland.

Revenue

The car parking industry generates in excess of €100 million to the Exchequer each year, the survey finds.

In Ireland it is believed there is a total of 353,156 car parking spaces – 268,897 off-street car parking and 84,259 on-street spaces.

In Ireland, parking is a big money-maker to both local government and private industry.

The breakdown in revenue from the various sectors is as follows:

•             Local Authorities              -              €115 million

•             Private Car Parks              -              €80 million

•             Transport Hubs                 -              €70 million

•             Shopping Centres             –               €50 million

•             Hotels & Hospitals            -                €25 million

Across all of Europe, car parking fees generated €30 billion, with 570,000 people employed directly in the parking business. There is 47 million car parking spaces for all of Europe.

Read: The most annoying car park users in the world>

Read: John Waters imprisoned for non-payment of parking fines>

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