The Metropolitan Transportation Authority (MTA) reported significant progress from its congestion pricing program, generating approximately $48 million in just three weeks. This income aligns with the projection of reaching $500 million throughout the year. The earnings primarily stem from passenger vehicles and taxis, earning 95% during peak hours. After expenses of $11.1 million for operational and mitigation efforts, the MTA noted a net surplus of $37.5 million, allowing it to support various capital projects, including enhancing accessibility, modernizing signals, and expanding services.
The MTA's initial performance from the congestion pricing program is promising, raising $48 million in three weeks, aligning with expectations for continued funding.
With robust earnings and net surplus of $37.5 million, the MTA plans to advance its capital projects aimed at modernizing New York's transit infrastructure.
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