traffic jam with row of cars on expressway during rush hour
In March, the U.S. Transportation Department gave Gov. Andrew Cuomo the greenlight to proceed with New York City’s congestion pricing plan, the first in any U.S. city. A federally required environmental assessment and public outreach come next, and the infrastructure to implement it must be built.
The plan seeks to charge motorists a fee for entering midtown Manhattan. It is estimated that it could bring in up to $1 billion a year to help fund New York’s Metropolitan Transportation Authority (MTA).
“Congestion pricing is an internationally proven method to reduce traffic congestion, enhance the availability and reliability of public transportation, and improve our air quality,’’ Cuomo said. “It will play a critical role as New York and the nation begin to recover from the pandemic.”
Source: Crain’s New York Business