MTA commits to discounts for low-income drivers, toll cap for taxis under congestion pricing program
Discounting overnight tolls between midnight and 4 a.m. by at least 50% below peak commuting hour levels, intended to encourage trucks to deliver freight in the wee hours of the night when traffic is lighter.
New York’s program would be the first example of congestion pricing used in the United States. The MTA estimates it could bring in between $1-1.5 billion per year in toll revenue, which would allow the agency to raise $15 billion in capital through the issuance of bonds. The funds would be used to spend on infrastructure, like replacing its Great Depression-era train signals and making the subway system accessible for people with disabilities.
The MTA insists that by getting people out of cars and onto mass transit, the entire New York metropolitan region will benefit from reduced carbon emissions and air pollution. Depending on what is ultimately implemented, the MTA estimates car traffic in the Manhattan CBD will decrease by 5-11% and truck traffic will decline between 21-81%.
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