Congestion pricing: an idea that makes sense

Georgina Santos, 25 July 2007

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Road users, quite naturally, only think of themselves when taking a trip. Their extra trip, however, imposes extra delays on thousands of drivers. The result is wasted time, wasted fuel, and unnecessary pollution, to say nothing of the other happiness-reducing aspects of traffic congestion – frayed nerves, road-rage, missed appointments, etc.

Topics: Environment
Tags: congestion externality, London Congestion Charging Scheme, road pricing, Singapore ERP

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