Congestion pricing and related market-oriented strategies have the potential to create far-reaching improvements in the planning, funding, and operation of transportation systems. Transportation facilities and services are known to produce the greatest benefits for society when prices, access and other perceived user costs reflect the marginal costs of providing that transportation infrastructure and services, thereby balancing supply and demand.
Carefully crafted pricing innovations that rely on market principles are needed to achieve more efficient infrastructure and resource use, better resource allocation decisions for investments, strengthened links between travel demand and revenue generation, and increased consumer choice in satisfying diverse transport needs.
The Congestion Pricing Committee is dedicated to:
- Improving information exchange and dissemination about congestion pricing concepts and price-based applications
- Supporting innovative research that will expand and synthesize pertinent knowledge
- Encouraging carefully crafted pricing innovations across all modes of transportation
- Ensuring consistency with environmental values, social equity, protection of personal privacy, and expanded freedom of choice.