Congestion pricing is close to implementation. All we need is a little political courage to push it across the finish line.
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The subway system requires new signals, switches, cars, and expanded routes. While congestion pricing can’t pay for all of that, it can help.
London, Singapore, and Stockholm have all managed to do something that New York City has been unable to do; enact and implement congestion pricing in its central business district.
The idea is to charge more for driving on the most congested streets in the city and direct those funds to making mass transit more efficient and perhaps even pleasant.
Solving the transit problem is key to New York City’s health and well-being, and a new congestion pricing proposal is serious starting point.
To combat urban air pollution and traffic problems, some propose congestion pricing as a cost-effective policy to reduce pollution and improve productivity through improved travel speeds. Cities in China could implement this policy and ameliorate some of the negative effects of congestion-caused pollution. So why is congestion pricing dead on arrival in China?