Congestion Pricing in Manhattan Close to Approval

ALBANY — After years of hesitation, New York is poised to become the first city in the United States to introduce congestion pricing, which would put new electronic tolls in place for drivers entering the busiest stretches of Manhattan. The proceeds from congestion pricing are expected to enable the Metropolitan Transportation Authority, which operates the city’s public transit network, to raise billions of dollars in bonds to modernize the antiquated subway. Other American cities are exploring variations of congestion pricing, including Los Angeles, San Francisco and Seattle.

Source: www.nytimes.com