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Will Congestion Pricing and Larger Tolls Raise Funds and Ease Traffic? | Construction Equipment

In an effort to ease traffic and find new funding for road repairs and maintenance, cities and local municipalities around the country are adding new tolls and congestion pricing to high-density roadways. In theory, it sounds like a viable plan.

Last December, Virginia’s Department of Transportation put in place a new ‘dynamic’ toll pricing system that keeps track of speed, traffic volume, and time of day in the new High Occupancy Toll (HOT) lanes that run along I-66 heading into Washington, D.C. Depending on that data, drivers are charged a toll that can range from about $5 to a reported $47.50. Drivers are charged at peak rush hour times (5:30-9:30 a.m. in the morning and 3-7 p.m. in the evening) in the peak direction of travel. Worse, the system recalculates the traffic data every six minutes and ‘refreshes’ the toll charge accordingly. Signs along the way display the current rate.

VDOT put the system in place in part to encourage commuters to use public transportation or carpool.

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Will Congestion Pricing and Larger Tolls Raise Funds and Ease Traffic? | Construction Equipment.