New York City wants to charge drivers $15 under new congestion pricing plan

Fortune

Under the plan, passenger car drivers entering Manhattan south of 60th Street during daytime hours would be charged $15 electronically, while the fee for small trucks would be $24 and large trucks would be charged $36.

Transcript

00:00 New York City is looking to implement America's first congestion pricing plan charging $15

00:04 to most drivers.

00:05 Under the plan, most drivers would pay $15 to enter Manhattan's Central Business District.

00:10 But the fee for small trucks would be $24 and large trucks would be $36.

00:14 Revenues from the tolls, which are projected to be about $1 billion annually, would be

00:18 used to finance upgrades to the city's mass transit system.

00:20 The plan includes discounts for travel between 9 p.m. and 5 a.m. and for frequent low-income

00:25 drivers.

00:26 And government vehicles, like garbage trucks, would be exempt.

00:28 Taxi drivers would pass a $1.25 surcharge on their passengers for entering the congestion

00:33 zone, and passengers who take an app-based ride would see a $2.50 surcharge.

00:37 Opponents of the plan include taxi drivers who pushed for full exemption.

00:41 Officials say that in addition to funding needed transit improvements, the pricing plan

00:45 would result in improved air quality and reduced traffic.

00:48 The MTA board will vote on the plan sometime next year.

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