How Local Governments can take Congestion Pricing from Concept to Reality
Few urban policies have been as contentious or as fruitful as congestion pricing. Congestion pricing is a travel demand management policy that charges a fee for vehicles that enter a certain urban area or a certain street during specific periods of time. It aims to relieve traffic congestion, reduce air pollution and generate revenue for urban transport improvement. Singapore was the first city to introduce congestion pricing in 1975, but it was not until London implemented the policy in 2005 that it began to receive global attention. In recent months, discussions around introducing the measure have also reemerged in New York City, Beijing, and BogotÃ¡.
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