Sunday, May 19, 2024

Why Does NYC Need Congestion Pricing?

Imagine the streets of Midtown Manhattan with less noise, traffic, and pollution—this may be a reality with the introduction of congestion pricing. Daily gridlock costs New Yorkers an average of seven hours a year in lost time. The economic impact of heavy traffic is estimated at $20 billion per year, accounting for productivity drops, air quality, and delayed responses by fire and police. Tolled entry through congestion pricing aims to reduce vehicle use, improving pedestrian safety and supporting public transit in the process.