Parking charges raise €360m yearly

They might be the bane of motorists like John Waters but parking charges are generating more than €360m each year in Ireland.

A new report on the value of the sector to the Irish economy claims it also supports 1,500 jobs and contributes in excess of €100m to the exchequer.

Details of the report were published at the 16th European Parking Congress which opened at the National Convention Centre in Dublin yesterday.