Financial Times FT.com

NY traffic plan wins $354m federal aid

By Christopher Grimes in New York

Published: August 14 2007 20:52 | Last updated: August 14 2007 20:52

New York has been given $354m (£175m) in federal aid to launch what would be the first London-style congestion pricing plan in the US.

The grant from the US department of transportation is a victory for the business and environmental groups that for years have been pushing – against considerable opposition – for the introduction of congestion pricing in New York.

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