In the next two weeks New York City and state officials might have to come down on either side of the congestion pricing cliff, and the City Council will be the first to step up to the ledge. Given the vast number of term limited officials eyeing the 2009 race and those looking to swap seats with state legislators later this year, some say officials might hesitate to take any politically risky position.
Entries Tagged 'Congestion Pricing' ↓
Congestion Pricing in Manhattan - $8 Fee Proposal
April 2nd, 2008 — Congestion Pricing
Congestion Pricing - Description, Benefits, and Costs
April 2nd, 2008 — Congestion Pricing
Congestion pricing charges motorists a toll for using a particular stretch of highway or bridge or for entering a particular area (”cordon tolls” for access to urban areas). It is a market or demand-based strategy designed to encourage a shift of peak period trips to: a. off-peak periods; b. to routes away from congested facilities or c. to alternative modes (High Occupancy Vehicles or public transit) during the peak demand periods.
After initial implementation costs, many non-American projects pay for themselves and more. In Singapore, only 12% of the revenue generated is needed to pay administration costs. Norway generates 5 times the revenue required to maintain the toll system.