According to data released by the Infrastructure Department, the road is a main walking route and an important link for cyclists between the town centre, car parks, the Waterfront and the financial district.
Pedestrians and cyclists form 93 per cent of the traffic and at lunchtimes 2,300 people have been counted along the road.
This figure is expected to increase with the construction of the International Finance Centre on the Esplanade and Infrastructure Minister Eddie Noel said the narrow pavements in the area struggled to cope with the level of footfall.
