New York City has launched the nation’s first congestion pricing program, a groundbreaking initiative to reduce traffic in Manhattan’s most congested areas while raising billions for transit improvements. Beginning January 5, vehicles entering the area south of 60th Street during peak hours now incur a toll of $9 for passenger cars and up to $15 for trucks. The program, modeled after similar initiatives in cities like London and Stockholm, is projected to generate $15 billion for the Metropolitan Transportation Authority (MTA) to modernize its aging infrastructure. Reducing Traffic and Funding Transit The MTA anticipates a 10-20% reduction in traffic over time as drivers shift to alternative transportation methods. The tolls aim to encourage mass transit use, optimize delivery schedules, and alleviate congestion in Manhattan’s central business district, which sees 500,000 to 700,000 vehicles on a typical weekday. Funds raised will go toward projects like extending the Second Avenue… ...[TheTopNews] Read More.
4 days ago
