New York collected $48.6 million in the first month of entry fees to downtown Manhattan

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New York collected $48.6 million in the first month of entry fees to downtown Manhattan
February 24th. /MEDIA TALK/. On January 5, 2025, New York City launched a program aimed at regulating traffic in midtown Manhattan. In the first month of operation, this initiative brought in 48.6 million dollars.

Bloomberg writes about this. The main goal of the program is to relieve the roads and make the air cleaner. Most motorists pay $9 to enter the area south of 60th Street.


Photo: ru.freepik.com

According to the Metropolitan Transportation Authority, the operator of the project, traffic congestion in the area decreased by 10%, which had a positive effect on the speed of traffic. Approximately 20% of income comes from taxis and rented cars, while the rest comes from private car and truck owners.

After deducting operating expenses and financing environmental projects, net profit for January amounted to $37.5 million. However, as the newspaper notes, the program has faced political difficulties: President Donald Trump is trying to cancel it. The future of the initiative remains uncertain, although its performance is still in line with MTA expectations.
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