Congestion pricing may be headed to New York City by the end of 2023. During a budget hearing with the New York City Council's transportation committee this week, MTA Director of Capital Program Management Steve Berrang revealed that the agency expects the federal government to approve the environmental review later this year, which will be followed by a year-long process of installing the congestion pricing infrastructure. — Gothamist
This plan, the country’s first ever congestion pricing law, is coming into fruition after it was initially approved by the state legislature in Albany in 2019 and then subsequently stalled by the Trump administration. The congestion pricing will include tolls for drivers entering Manhattan south of 60th Street. Gothamist reports that the fees for cars and trucks have not been determined, however, they could be $9 to $23 for EZ-Pass and more for tolls-by-mail.
The MTA aims to generate $1 billion in revenue annually with the law, in addition to $15 billion from selling bonds. The agency also estimates that congestion pricing will help prevent up to 17 million metric tons of greenhouse gas emissions and save $100 million in healthcare costs from reduced emissions. The revenue received from the tolls will go towards paying for the cost of constructing its infrastructure and New York City Transit, Long Island Rail Road, and Metro-North.
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