NYC Congestion Pricing Gets Quiet Start With Big Test Coming (2)

New York City kicked off the first congestion pricing program in the US, part of an effort to reduce the number of vehicles in the world’s most traffic-clogged urban area while raising money for transit infrastructure.

“This is about being a 21st-century city where we don’t spend all our time stuck in traffic,” Janno Lieber, the chief executive officer of the Metropolitan Transportation Authority, which is implementing the new toll, said Monday in an interview with Tom Keene and Paul Sweeney on Bloomberg Radio. Lieber anticipates a 10% to 20% reduction in traffic over time.

The new toll ...