Biden administration approves New York's congestion pricing plan, Buttigieg loses North Jersey in primary

1 min read
Source: New York Post
Biden administration approves New York's congestion pricing plan, Buttigieg loses North Jersey in primary
Photo: New York Post
TL;DR Summary

The Biden administration has tentatively approved the MTA's congestion pricing plan, which would create toll zones south of 60th Street in Manhattan. The plan is expected to generate $1 billion in revenue annually for the MTA, which will issue bonds against to raise $15 billion for repairs. The toll amount could be as low as $9 during peak times but as high as $23. The plan has carve-outs for the FDR Drive and the West Side Highway, and the MTA has agreed to make concessions and investments to offset negative impacts. The plan is expected to be fully approved by the federal government after a 30-day public review phase.

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