All drivers entering Manhattan below 60th Street will be required to pay the toll, which state officials estimate could raise $15 billion.
MANHATTAN, NY — The MTA has selected a Nashville-based company to build the system that will be used to toll drivers entering Manhattan’s central business district to reduce congestion and raise money for MTA projects, the transit agency recently announced.
TransCore beat out two other bidders to secure the MTA contract to design, install and maintain what the MTA calls a “first-of-its-kind” tolling system below 60th Street in Manhattan. Congestion Pricing was a major part of this year’s state budget and Gov. Andrew Cuomo expects the policy to raise at least $15 billion for MTA capital projects.
MTA officials said that congestion is expected to take effect for all drivers entering Manhattan below 60th Street in 2021.
Designs for the tolling system are still in the preliminary stages, so the transit agency didn’t have much to share on how the tolls will work. Since most New York City-area drivers use E-ZPass, TransCore may end up leveraging that market into its system, transit officials said. The tolling infrastructure will likely be installed on existing mast arms and poles throught the city, so the MTA expects a minimal change to New York’s cityscapes.