Congestion Pricing Secures Biden Administration Green Light
On Friday, May 5th the Metropolitan Transportation Authority (MTA) received approvals from the Biden administration on the agency’s congestion pricing plan. News of the decision by the Federal government came following the letter from the Federal Highway Administration (FHWA) that the “authority’s environmental assessment for congestion pricing has effectively passed the final federal approval hurdle and that it will issue a draft “Finding of No Significant Impact.” enabling the MTA to release its final environmental assessment for another round of public review and comments. Upon completion of the 30-day review period, federal officials are “expected to issue the long-awaited final finding of no significant impact, giving the tolling system installation company Transcore 310 days to build out the required infrastructure to launch congestion pricing. The launch of the controversial program will establish New York City as the first U.S. city to implement a tolling program. Congestion pricing is intended to reduce traffic congestion, incentivize increased use of public transportation, and reduce greenhouse gas emissions. New York City is following in the footsteps of London, Stockholm and Singapore, which have evidenced that the program is successful despite some challenges.