London Congestion Pricing – Implications for Other Cities (5 page pdf, Todd Litman, CESifo DICE Report 3/2005, Mar. 2005)
Today we review a paper that assessed the performance of the London Congestion Charge after it had operated for 2 years. The winners include bus and taxi users, pedestrians and cyclists and motorists with high value trips and most city centre businesses with congestion delays reduced reduced by 50% and net annual revenue of 97 million UK pounds to support transit/pedestrian and cycling infrastructure. Losers include motorists with marginal value trips and riders and motorists in border areas who a 10% increase in spillover traffic (but no more delay because of proactive action to adjust traffic signals). The London congestion charging system was a first for Europe and probably stimulated similar initiatives in Stockholm, Sweden Trondheim, Norway and Singapore in Asia.
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