
The Metropolitan Transportation Authority (MTA) board approved fees for Manhattan's congestion pricing program, the first of its kind in the United States. Under this program, New York City will impose a daily fee of $15 on passenger vehicles driving in Manhattan, starting in mid-June. Meanwhile, a fee of up to $36 will be imposed on trucks and buses. The program still faces a number of legal challenges, including from the state of New Jersey.
"This program will reduce traffic in Manhattan's central business district, reduce pollution and provide needed funding for infrastructure investments," the Metropolitan Transportation Authority stated.
According to statistics, more than 900,000 vehicles enter Manhattan's Central Business District every day, reducing travel speeds to about 11 km/h on average. New York City, which has the most traffic in the US, will follow London, which implemented a similar fee in 2003, with this program.
It is predicted that the imposition of these fees will reduce traffic by 17%, improve air quality, and generate $1 billion to $1.5 billion annually.
Drivers of passenger vehicles entering at night will pay $3.75 and motorcycles will pay up to $7.50 to enter the zone. Drivers will only be charged once per day. Taxi users will pay an additional $1.25, while Uber and Lyft users will pay $2.50 per ride in the congested area.