The authority says the tolling program could begin as soon as spring 2024.
Supporters of congestion pricing hailed the news of federal approval.
“Congestion pricing is going to help us do that by clearing up clogged roads, by investing in mass transit.”Congestion pricing, which New York lawmakers approved in 2019, is expected to generate $1 billion annually for the M.T.A.
The money will be used to improve the city’s public transit network, including by building new elevators in the subways and modernizing signals that keep trains moving.
By law, the money can only be used to pay for capital projects, not operating costs.
Persons:
“, ”, Renae Reynolds
Organizations:
Tri - State Transportation Campaign, New
Locations:
New York