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April 19, 2007
Congestion Pricing Could Be Used To Help Sustain City
BY ANNIE KARNI
Mayor Bloomberg this Sunday will unveil a wide-ranging plan intended to make the city healthier and cleaner as it prepares for an expected influx of 1 million new residents by 2030.
The sustainability plan, 18 months in the making, is likely to include more than 100 specific initiatives addressing the city's energy and infrastructure goals, including: creating incentives for green development, implementing caps on building emissions, and charging drivers a fee to use the city's most congested streets, according to multiple sources who have been briefed on the initiative.
The mayor's Earth Day announcement is expected to include some form of congestion pricing, charging drivers a fee for using the city's most crowded roads during peak hours. If approved, the fees could bring in up to $500 million annually to fund mass transit infrastructure expansion and improvements, according to multiple sources. They said the road-pricing initiative that is likely to be implemented would be similar but "more moderate" than London's model of congestion pricing, instituted in 2003.
One possibility being tossed around is that drivers entering Manhattan's central business district below 86th Street would pay $8 during peak hours, which would be offset by any tolls paid to enter.
Congestion Pricing Could Be Used To Help Sustain City
BY ANNIE KARNI
Mayor Bloomberg this Sunday will unveil a wide-ranging plan intended to make the city healthier and cleaner as it prepares for an expected influx of 1 million new residents by 2030.
The sustainability plan, 18 months in the making, is likely to include more than 100 specific initiatives addressing the city's energy and infrastructure goals, including: creating incentives for green development, implementing caps on building emissions, and charging drivers a fee to use the city's most congested streets, according to multiple sources who have been briefed on the initiative.
The mayor's Earth Day announcement is expected to include some form of congestion pricing, charging drivers a fee for using the city's most crowded roads during peak hours. If approved, the fees could bring in up to $500 million annually to fund mass transit infrastructure expansion and improvements, according to multiple sources. They said the road-pricing initiative that is likely to be implemented would be similar but "more moderate" than London's model of congestion pricing, instituted in 2003.
One possibility being tossed around is that drivers entering Manhattan's central business district below 86th Street would pay $8 during peak hours, which would be offset by any tolls paid to enter.