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Since the first-in-the-nation program began Jan. 5, through Jan. 31, tolls from the CRZ generated $48.66 million in revenue with a net $37.5 million putting the program on track to generate the $500 million that the MTA initially projected.
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New York City’s Central Business District Tolling Program has gone into effect with new signs marking the congestion relief zone.
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The Central Business District Tolling Program was mandated by the State in April 2019 and modeled on urban congestion pricing programs around the world to reduce traffic congestion and raise needed revenue to improve public transportation.
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The report comes as the agency prepares to move forward on a major slate of vital capital projects to be funded by congestion pricing.
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Without the funding Congestion Pricing will provide, the projects to make the transit system safer, more reliable, accessible, and equitable are at risk, according to the MTA.
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Following entry into a tolling agreement with the FHWA, congestion pricing could begin up to 310 days later, during which contractors would design, build, test and activate tolling equipment.
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Implemented and operated by the comprehensive expertise of WSP’s multidisciplinary teams, the Mobility Marketplace consolidates a variety of mobility services for selected transportation modes and services.
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The document finds that central business district tolling would accomplish the goal of New York State’s MTA Reform and Traffic Mobility Act of reducing traffic congestion in the Manhattan Central Business District and raising revenue for investment in transit.
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Improves the quality of travel without requiring states or cities to raise taxes or undertake large, expensive capital projects.
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Agency also focused on achieving greater equity for all users on the transportation system.
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