The Biden Administration is clearing the way for New York City to initiate a long-delayed congestion pricing plan that will charge motorists for entering Midtown Manhattan during peak traffic times, what will become the first active congestion pricing system in the US.
The Federal Highway Administration issued a letter approving the Metropolitan Transportation Authority (MTA) environmental assessment and issued a draft "Finding of No Significant Impact" that will become official in 30 days, Politico reported.
The MTA, which runs the NYC subway system, has been tasked with setting up the new tolling infrastructure for the congestion pricing regime, with a goal of launching the tolls in the second quarter of 2024.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
