Revenue from congestion pricing will go towards paying for the cost of the infrastructure and construction, and then money will go to NYC Transit, LIRR, and Metro-North, for things like new signals and train cars, as well as accessibility. Read more:
Berrang said about one year after getting approval from the Federal Highway Administration, "310 days to be exact," all construction relating to congestion pricing "will be complete, and we anticipate funding to start to flow to the MTA."
After the MTA has collected a year of revenue, he said, the agency can issue bonds for capital projects., the agency estimates that congestion pricing — also known as the "Central Business Tolling District" — would help avoid 17 million metric tons of greenhouse gas emissions and save $100 million healthcare costs from reduced emissions.
Revenue from congestion pricing will go towards paying for the cost of the infrastructure and construction, and then the monies will go to New York City Transit, Long Island Rail Road, and Metro-North, for things like new signals and train cars, as well as accessibility.
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