![]() ![]() Public bus speeds have also declined 28% since 2010. New Yorkers lose 117 hours on average each year sitting in traffic, costing them nearly $2,000 in lost productivity and other costs, according to one estimate. The toll is designed to reduce the number of vehicles entering the congestion zone by at least 10% every day and slash the number of miles cars travel within the zone by 5%.Ĭongestion comes with physical and societal costs, too: more accidents, carbon emissions and pollution happen as honking cars take up space that could be optimized for pedestrians and outdoor dining. ![]() Proponents also note it will improve public transit, an essential part of New York life. About 75% of trips downtown are via public transit.īut public-transit ridership is 25% to 30% lower compared to pre-pandemic levels, according to the MTA. The MTA says congestion fees will generate a critical source of revenue to fund $15 billion in future investments to modernize the city’s 100-year-old public transit system. ![]() The improvements, like new subway cars and electric signals, are crucial to draw new riders and improve speed and accessibility - especially for low-income and minority residents, who are least likely to own cars, say plan advocates. ![]()
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