The MTA announced on Monday that it collected $51.9 million in revenue from congestion pricing during the month of February. This is the second month of revenue data since the agency launched the Manhattan toll program on Jan. 5.
The revenue comes from tolls collected in the Congestion Relief Zone (CRZ), located south of 61st Street, between Feb. 1-28. It is about $3 million more than January’s revenue, which was $48.6 million. Combined, the program raised $100.5 million in its first two months.
The MTA said the money will be used to help leverage funding for various capital transportation improvements, including modern signal systems on select train lines, accessibility upgrades, hundreds of new electric buses and an array of structural repairs and power system improvements.
The announcement continues the MTA’s streak of remaining aligned with budget projections. The agency initially estimated to raise around $500 million from congestion pricing in a year.
“Once again, the extensive studies done are proving to be reliable as we close the second month of the program with revenue in line with projections,” MTA co-Chief Financial Officer Jai Patel said. “The program continues to reduce traffic while generating projected funds for critical transit projects.”
Story by Barbara Russo-Lennon. Read the full story at AMNY.com.
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