New York"s Metropolitan Transportation Authority (MTA) has approved a revised congestion pricing plan for Manhattan.

Overview

The congestion pricing plan aims to alleviate traffic congestion, fund transit improvements, and generate revenue for the MTA.

Toll Rates

• E-ZPass motorists entering south of 60th Street during peak hours on weekdays will be charged $9.
• E-ZPass trucks will be charged $14.40 during these hours.
• Vehicles without an E-ZPass will face higher charges.

Revenue and Modernization

The tolling system is expected to gradually increase to $15 by 2031 and generate approximately $15 billion in revenue.

The revenue will be used to modernize the transit infrastructure.

Fees for Taxi and Ride-Sharing Services

Passengers in taxis will pay $0.75 per trip, while those using for-hire vehicles like Uber and Lyft will pay $1.50.

Impact and Future Possibilities

The implementation of congestion pricing in New York could potentially lead to broader acceptance of this approach across the United States.

Congestion pricing is seen as a means of managing traffic and promoting environmental sustainability in urban centers.