By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > New York becomes first US city to introduce congestion charging
News

New York becomes first US city to introduce congestion charging

News Room
Last updated: 2025/01/05 at 1:29 PM
By News Room
Share
3 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

New York on Sunday became the first US city to launch a congestion charge zone, after the controversial scheme aimed at easing traffic and raising billions of dollars for local transit was beset by years of delays and legal challenges.

Motorists entering some of Manhattan’s busiest neighbourhoods during peak hours will face a $9 congestion charge fee. New York’s Metropolitan Transportation Authority said early on Sunday that the congestion relief zone, which stretches from the bottom of Central Park to the southern tip of Manhattan, was “fully operational”.

The scheme, which was paused by New York governor Kathy Hochul in June last year before being revived at a lower price than the original fee of $15, is expected to cut the number of vehicles entering the zone each day by around 10 per cent. It will also help to raise $15bn for the MTA to put towards public transit projects.

At an event to mark the start of the new scheme hours before its launch, MTA chair Janno Lieber said: “We’ve been working on this for five years but you stand in midtown for five minutes and you know we’ve got to deal with the traffic problem. Now, we’re showing the world that in New York, we do something about our challenges.”

Hochul initially paused the scheme for fear that the increase in charges on motorists could hobble some Democratic candidates in ballot races in November as New Yorkers have contended with a jump in the cost of living.

A last-ditch attempt by New Jersey to block the scheme in federal courts, seeking tens of millions of dollars in damages to compensate for environmental harm because of increased traffic on the other side of the Hudson River, fell apart. But the judge said the Federal Highway Administration would need to opine on the scheme.

However, the scheme still faces an uncertain future. Republicans have been pushing President-elect Donald Trump to revoke federal approval for the programme, while some GOP lawmakers have called for new laws to block congestion tolls.

Under New York’s scheme, the off-peak fee is reduced to $2.25 for motorists travelling overnight between 9pm and 5am on weekdays and 9pm and 9am on weekends. Small trucks will pay $14.40 to enter Manhattan during peak hours, while larger vehicles will pay a $21.60 fee.

Last year, New York was named as the most congested city globally by traffic monitoring platform Inrix, leading to the average motorist being stuck in traffic for an average of 101 hours a year and a $9.1bn blow to the local economy.

Read the full article here

News Room January 5, 2025 January 5, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
2 things Powell wants his successor to know about the Fed

Watch full video on YouTube

Why Apple’s AI Strategy Matters More Than Ever

Watch full video on YouTube

ABN AMRO Stock: Cost Cuts And Capital Returns Support A Buy Rating (OTCMKTS:AAVMY)

This article was written byFollowI have over 10 years of experience in…

How Black-ish Creator Kenya Barris and REVOLT Labs are building a creator empire

Watch full video on YouTube

Why Infiniti is pinning its turnaround hopes on its new SUV

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

ABN AMRO Stock: Cost Cuts And Capital Returns Support A Buy Rating (OTCMKTS:AAVMY)

By News Room
News

ConocoPhillips: More Upside Given Long-Term Cash Flow Tailwinds (NYSE:COP)

By News Room
News

MaxCyte, Inc. (MXCT) Q1 2026 Earnings Call Transcript

By News Room
News

Draganfly Inc. (DPRO) Q1 2026 Earnings Call Transcript

By News Room
News

Fidelity Blue Chip Growth Fund Q1 2026 Commentary (FBGRX)

By News Room
News

Ryerson Holding Corporation 2026 Q1 – Results – Earnings Call Presentation (NYSE:RYZ) 2026-05-09

By News Room
News

Gogo Inc. (GOGO) Q1 2026 Earnings Call Transcript

By News Room
News

Magnite, Inc. 2026 Q1 – Results – Earnings Call Presentation (NASDAQ:MGNI) 2026-05-07

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?