New York City is poised to launch the first congestion pricing plan to reduce traffic in a major U.S. metropolitan area. Like many journeys in the Big Apple, this one has been punctuated by delays. Once the system starts up, however, it\u2019s expected to significantly reduce gridlock in Manhattan and generate billions of dollars to improve public transit citywide.<\/p>\n\n\n\n
The basic idea is simple. To enter the Congestion Relief Zone<\/a>, which covers Manhattan south of 60th Street, large trucks will pay $36, small trucks $24, passenger vehicles $15 and motorcycles $7.50. Ride-share vehicles and taxis will pay $2.50 and $1.25, respectively. Peak hours run from 5 a.m. to 9 p.m. on weekdays and 9 a.m. to 9 p.m. on weekends; overnight tolls are discounted by 75%.<\/p>\n\n\n\n Evidence from cities around the world shows that charging motorists fees for driving into city centers during busy periods is a rarity in urban public policy: a measure that works and is cost-effective. Congestion pricing has succeeded in cities including London, Singapore and Stockholm<\/a>, where it has eased traffic, sped up travel times, reduced pollution and provided funds for public transportation and infrastructure investments.<\/p>\n\n\n\n