Road Pricing in London Presentation to IMPRINT –EUROPE Seminar 16 October 2003 – Budapest Mark Valleley Association of London Government IMPRINT EUROPE.

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Presentation transcript:

Road Pricing in London Presentation to IMPRINT –EUROPE Seminar 16 October 2003 – Budapest Mark Valleley Association of London Government IMPRINT EUROPE

How much will it cost to stop traffic congestion?

London in context 7m people, growing to 8m by m cars owned approx 50% journeys by car

Central London in context 1.1 m people enter every weekday 84% travel by public transport Traffic speeds 15kph Traffic spends 50% of time in queues

National Government The Mayor of London Transport for London The 33 London Boroughs The ALG Government in London

Origins ROCOL report 2000 Mayor given powers to introduce congestion charging 3 consultation exercises Decision to proceed February 2002 Scheme commence 17 February 2003

Location of the Charging Zone (1)

Location of the Charging Zone (2)

How does it work? 18% 37% 24% 20% 1%

How does it work?

Exemptions and Discounts

Impacts (1) 5 year - £7m monitoring programme –traffic –travel behaviour –social –business –environment ALG independent monitoring study

Impacts (2)

Impacts (3)

Impacts (4)

Costs and income 2003/04 Start up costs = - £180m (257m Euros) Running costs = - £97m (138m Euros) Gross revenue = £165m (235m Euros) Net revenue = £68m (97m Euros)

Extension of the scheme?

Conclusions Road pricing in London is operating successfully Political commitment is essential Public support is essential Uncertainty about impacts New charging technology

59½ Southwark Street London SE1 0AL Tel Fax Websites www. IMPRINT EUROPE