![]() The latest delay comes as the MTA continues to await federal sign-off on the controversial program. ![]() At some point we do need that congestion pricing money,” MTA CEO and Chair Janno Lieber said during a Thursday press conference. And so far, we have been able to fund and advance all the projects that were scheduled to be advanced in our capital program. ![]() “We need that money, but to your question, from a cash-flow basis we don’t need the money tomorrow. The most recent delay will be a costly one for the MTA, with the agency anticipating that the move will cost it roughly $250 million in anticipated congestion pricing revenue in 2024, according to the February Financial Plan.ĭespite the MTA’s current financial woes, agency officials have downplayed the effects of the most recent delay, claiming the money is needed, but not immediately. The agency had hoped to implement congestion pricing by the end of 2023, but ongoing delays in receiving federal approval have stymied that effort. Last week, the MTA released its February Financial Plan, which stated that revenue collection from congestion pricing is now expected to begin in the second quarter of 2024, meaning April 2024 would be the earliest that drivers are charged for driving into Manhattan’s Central Business District. The implementation of the nation’s first congestion pricing plan has been pushed back several months in a move that MTA officials anticipate will cost the agency roughly $250 million in expected revenue. ![]() (Aristide Economopoulos/The Star-Ledger)SL NYC congestion pricing pushed back to 2024, costing $250M in revenue, MTA saysīy Erik Bascome | MTA has pushed back the expected start of congestion pricing to the second quarter of 2024. ![]()
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