StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

London Congestion Pricing Program - Statistics Project Example

Comments (0) Cite this document
Summary
One of the several predicaments faced by big metropolises of the world is "Traffic Congestion", which requires government's involvement to develop coping strategies. One of such strategies is "Road Pricing", adopted by some countries like Singapore in 1975…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.2% of users find it useful
London Congestion Pricing Program
Read TextPreview

Extract of sample "London Congestion Pricing Program"

Download file to see previous pages Since 1977 there was a noticeable and constant decline in the average speed (exhibited in figure 1). In central London drivers were spending 50% of journey duration which was around five miles per hour.
An authority of Greater London was created by the "Greater London Authority Act-1999" comprised of the London Assembly and the Mayor of London, where under authority was given to mayor for implementing workplace parking and road pricing individually or combined. LCC or London congestion charging had a main goal of dropping traffic congestion within and in the surrounding of CZ or charging zone.
The congestion charge was just like a region permit from the start. From Monday to Friday during 7 a. m. - 6: 30 p. m., any automobile coming or going through, parking or driving in CZ, will have to pay 5 or $ 10 in the beginning. Road signs are put up to indicate confines of CZ.
The original capital costs of this project were estimated to be 200 million according to the prices of 2002, approximately 220 million according to prices and values in 2005. The central government provided e major part of it. The extension was made with an estimation of 118 according to prices and values in 2005 and it was funded by the general fund of TfL. A detailed picture of cost and revenues is given in Table 1.
The disposable returns from road pricing plans were require...
There will be a 10-15% decrease in traffic within CZ, about 30 % lessen queues with an 10-15 % elevated average speed;
Around 5-10 % decline in traffic on radial routes and 5% increase of traffic over orbital routes and, resulting an overall effect of 1-2 % decrease in traffic outside the zone.
LCC Plan: Conditions and Fundamental Specifications
The congestion charge was just like a region permit from the start. From Monday to Friday during 7 a. m. - 6: 30 p. m., any automobile coming or going through, parking or driving in CZ, will have to pay 5 or $ 10 in the beginning. Road signs are put up to indicate confines of CZ.
Extension in the Original LCC Project
Some extensions were made into the original CZ in the year 2007 and some free corridors were also provided and some other changes were also made.
Reimbursement in terms of Costs and Revenues
The original capital costs of this project were estimated to be 200 million according to the prices of 2002, approximately 220 million according to prices and values in 2005. The central government provided e major part of it. The extension was made with an estimation of 118 according to prices and values in 2005 and it was funded by the general fund of TfL. A detailed picture of cost and revenues is given in Table 1.
Revenues Exploit
The disposable returns from road pricing plans were required to be introduced by the Great London Authority Act 1999 through the initial decade of the law 1999-2009. The transport strategy of the mayor was also to be included in this ten yeas allocation. Actually the disposal of potential revenue had to be a mandatory part of any road pricing plan for London. Such net revenue distribution is presented in Table 2.
Analysis of the Effectiveness ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“London Congestion Pricing Program Statistics Project”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1501135-london-congestion-pricing-program
(London Congestion Pricing Program Statistics Project)
https://studentshare.org/miscellaneous/1501135-london-congestion-pricing-program.
“London Congestion Pricing Program Statistics Project”, n.d. https://studentshare.org/miscellaneous/1501135-london-congestion-pricing-program.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF London Congestion Pricing Program

Pricing

... Task: Pricing I should adopt skimming strategy so that the price set at last becomes acceptable and beneficial on a two way dimension. The advantages and disadvantages that come along with price setting methods must be put into consideration. The choice of a pricing method to be adopted largely depends on the nature of the product and the targeted market structure and composition. The available methods include the cost based method which involves the price determination based on the cost of production. In this method, the values of all the inputs applied when developing the product are summed. The other method is the value based method. This focuses on the values of the product. In this method, the value of the product is the extent...
4 Pages(1000 words)Essay

Reducing urban traffic congestion

Having been faced by various divergent perspectives on policies and approaches for dealing with traffic congestions, what kind of recommendation can policy makers be given in order to ensure there are the best possible policy outcomes of transport? Traffic congestions in urban areas takes on numerous faces, takes place in distinct contexts, and is as result of various processes. Due to these reasons, there is no one particular approach to managing traffic congestions; and this paper is therefore is not dictatorial about specific management measures of traffic congestions in urban areas. Nevertheless, there are quite a number of things that policies for traffic congestion management should consider if they are to reduce traffic co...
13 Pages(3250 words)Research Paper

Congestion Pricing in New York City

... Your Prof’s and number Introduction Congestion pricing refers to the practice of charging motorists more for using a roadway/bridge/tunnel during periods of the heaviest use. The idea behind congestion pricing is that higher price of usage would lead to lower demand for usage thus relieving traffic and pressure on the infrastructure where it is applied. Some of the noted examples of its usage are in Singapore, London, Stockholm, Trondheim, Melbourne, and Santiago. Singapore was the first to introduce a congestion pricing system in 1975. Its introduction had led to a 13% decrease of traffic at peak times, and a 22% increase in traffic speed. Next, Congestion pricing was introduced in London in 2003 with a charge of $13 for cars entering...
5 Pages(1250 words)Term Paper

The impact of London congestion charge,an economic view

... from ?5 to ?8 per day (Leape, 2006). Additionally, a resident’s discount was introduced. These changes have, according to TfL, not affected normal travelling behaviours into and through the zone, but have actually correlated with an increase in shopping and leisure behaviours, largely because of the resident discount (Transport for London, 2008). Additionally, reports suggest that the economy of central London overall had shown an improvement in 2007 despite the increase in price for the congestion charge (Transport for London, 2008), meaning that there may be other effects at play which need to be taken into account when performing an economic analysis of the congestion charge. Additionally, retail footfall traffic has continued to see...
6 Pages(1500 words)Literature review

Traffic Congestion

According to the figures by GLA (2001) the total population of London was 7.4 million people which has risen by 7.2% in the last decade. 4.5 million people have their employment place in London, and the tourism figures report 13.5 million visitors from around the world every year. The traffic congestion in the Central London is the resultant factor of the increase in the employment. On the other hand the increase in the employment has also increased the income of the people increasing the leisure trips to London. The trend increased the off-peak trips contributing to the increment of the problem. With the introduction of congestion charges in the downtown areas of London the most of
Reported growth estimation in the populatio...
10 Pages(2500 words)Case Study

Congestion control

...Q A Recently Specified TCP Enhancement Which problem of TCP does this specification address When and why does this problem occur TCP has got widespread usage in computer networking because of its ability to perceive any congestion in the applied network. It is this ability that has actually made this protocol intelligent enough to make adjustments in rate at which it sends data segments. A TCP sender estimates congestion in a network depending on the number of duplicate ACKs. If it receives three duplicate ACKs, it considers the network as congested and loss of that particular segment of which the receiver TCP is sending ACKs. So for the resending of lost segment the sender TCP waits for a total of four ACKs from receiver...
2 Pages(500 words)Essay

Congestion Charging

The problem has been aggravated by absence of effective public transport systems in major cities of the world (Banister D, 2003). This has resulted to the need for people to acquire private means of transport, resulting in traffic congestions which are characteristic of almost all major cities.
The major principle underlying congestion charging is to ease traffic. It has been found out that the amount of man hours spent on traffic jams impacts very negatively on the economy of any country (Litman T, 2006). In many cities, people waste a third of a regular working day held up in traffic jams.
Having too many cars in the city has also brought about the problem of parking. The parking space available is not enough to accommo...
4 Pages(1000 words)Essay

The Olympics in London 2012

With transportation advancements over the ages, people can attend the Olympics more quickly and inexpensively than at any other time. Millions of spectators come from across the globe simply to watch the games. Of course, this event requires much attention and high-level preparation which includes many complicated details.

It is a fact that London has been announced as the host city for the landmark 30th Olympics in 2012, beating out Paris, New York, and Moscow. That makes London the only city to host the Olympics three times (1908, 1948 and 2012). Considering the tremendous tourist attractions and historical monuments already located in London, the addition of the Olympics in 2012 will only heighten what would be a phe...
13 Pages(3250 words)Assignment

Analysis of the City of London

London has a population count greater than any other city in the European Union. It was estimated that the metropolitan area holds a population of around 12 million. (World Gazetteer) The diverse London settlement comprises of a wide variety of people, social values, and religious beliefs. It is estimated that more than 300 languages are being used within the cities premises. (CiLT)

Bloomsbury, Knightsbridge, and Fitzrovia are among the set of special names used to describe a different part of the city. Such names are, in some cases, used to signify related important landmarks or traditions. Modern official boundaries were never developed around the majority of these places, however, since 1965, the greater London area...
8 Pages(2000 words)Coursework

The World Food Program

However, like many organizations, the World Food Program has its own crises that have apparently affected its programs and projects in all parts of the world. These problems, which will be discussed later, limit WFPs' capacity to distribute its resources and services to distressed countries like Ethiopia. It must be noted that in recent years, food rationing was cut by one third (WFP, 2008). In September 2008, WFP published its Media Backgrounder on Ethiopia which reported that the organization targets to support 9.6 million Ethiopians as well as its funding shortage of US$ 465 million. It also recorder 567,000 metric tons shortage of food which will last until March 2009 (WFP, 2008).
Ethiopia has been among the poorest and l...
9 Pages(2250 words)Assignment

Change in the History of London

London was founded by the Romans and became the center of trade in the new Roman province of Britannia. The beginnings of London can be dated with some exactitude to the invasion of the Romans in 43AD. Prior to the Roman invasion, there was no permanent settlement of significance on the site of London. Instead, the Thames River flowed through marshy ground sprinkled with small islands of gravel and sand. There were probably more mosquitoes than people inhabiting the area. (London History - Roman London). Londinium was established as a civilian town by the Romans about seven years after the invasion in AD 43. Roman London occupied only a small area. During the 2nd century, Londinium has replaced Colchester as the capital of Roman B...
11 Pages(2750 words)Report

Evaluation Design of London's Congestion Pricing Program

...for successful implementation. Singapore was the first major city in the world to implement this concept. The program has since been lauded as a successful venture and that saw its westward expansion. PROBLEM/OPPORTUNITY DESCRIPTION The London Congestion Pricing Program was introduced in February 2003. It was designed and implemented in response to the problem of traffic congestion in the city. It was championed by the then mayor of London. The streets of central London were particularly prone to congestion at that point in time, especially during the peak hours. The...
10 Pages(2500 words)Research Paper

Capital Asset Pricing Model and Recent Developments

It is the most essential aspect of any venture. The important considerations that finance has within it, is that of profit and loss. The business as a whole or a person as an individual always strives to earn a profit. To earn a profit, one has to undertake uncertainties that are known as risks. Therefore, profit is also known as the reward for incurring risks.
In the present world of today, the capital market has come up as a viable investment opportunity for individuals all across the globe. People invest their hard money only with the expectation to earn profit or return. The stocks of various companies that are traded in the capital market are also known as capital assets. Prior to investing in any of the stock or capital...
7 Pages(1750 words)Assignment

The Economic Impacts of the Congestion Charge in London

From an environmental point of view, the implementation of the charge greatly reduced air pollution within London streets (Draft Transport Strategy, 2004).
Other reasons for the introduction of the congestion charge included improving the public bus services by encouraging more people to use them as an alternative to using private means (TfL, 2004). The improvement of transport reliability and quick access to the city was also a major reason, more so with respect to the speedy distribution of goods and services within the city (TfL, 2004).
The target area was Central London which covers approximately twenty-two kilometres square; 1.3 per cent of the Greater London area. Further, in February 2007, the congestion zone li...
9 Pages(2250 words)Case Study

The Olympics Comes to London in 2012

...LONDON OLYMPICS By Presented to Lecturer’s place Due Executive Summary The Olympics comes to London in 2012, as a result there is a large requirement for information systems to cope with the volume of visitors traveling to or from each of the locations around London. Been a major sports event worldwide especially in the commonwealth countries and the participating countries, the event’s activities has to be aired efficiently and reliably and the monitoring of the security systems a mandatory requirement. Information technology has been known to work miracles if integrated well in the daily activities and when done by experts in the field but has been known to cause mayhem if implementation is done quacks and inexperienced persons...
11 Pages(2750 words)Term Paper

Improving the Mentoring Program of Dr Hussa Al Husine

Emily's immediate supervisor deems her ‘over-enthusiasm’ as an impediment to her efficiency at work. Thus, she is recommended to lessen the time she spends for every patient.
Although she understands her supervisor’s recommendation from a business operation’s point-of-view, she is still adamant in her belief that gaining customer insights is crucial in aiding the pharmacy in better developing its line-up of medicinal offers. Carrying this burden, Emily consults her mentor in The Medical Nation, Dr Hussa Al Husine.
The mentoring session with Dr Husine happens twice a week for three weeks after Emily’s daily working period. Even without having a firm background in professional coaching, Emily thin...
10 Pages(2500 words)Coursework

Master of Counseling Program

...Personal ment - Master of Counseling Program Introduction There are a number of incidences in my life that I can say have led me to the choosingof this particular career path. These happenings helped me realize what I wanted to do with my life and helped me know the best way to do it too. One major experience I can attribute to helping me make this decision occurred on one cold morning at the UC Irvine Gavin Herbert Eye Institute where I happened to be accompanying a man on his medical follow-up visit with his ophthalmologist to assist with interpretation. The time was 7:09am and the wall clock’s second hand ticked fastidiously as if racing with the “tippy-tap” sound of the receptionist’s keyboard as she typed away on her computer...
7 Pages(1750 words)Personal Statement

Congestion Charge in London

... Congestion Charge in London Introduction Transport congestion is an urgent problem in many urban settlements that include even the city of London. This challenge is growing by the day and the situation only worsens. Transport congestion contributes to costly delays, which are frustrating, for drivers. Congestion is also responsible for regional and urban air pollution, global climate change and national energy and security concerns in the UK (Bull, 2003). To address this problem, a policy known as congestion charging was formed. Pricing strategy in a charging system manages congestion without increasing supply through regulating demand (Downs, 2004). The concept is a development of market economics theory which proposes that users...
10 Pages(2500 words)Term Paper

Securing a Legacy for Disabled Young People in East London

Handicap has since a long time ago ruled research in-game and incapacity. Understanding the movement "issues" which the individual has by the goodness of a physical, tactile or intelligent "catastrophe" has been the area of much research that concentrates on inability and game. Subsequently, the estimation of the game for incapacitated individuals has gotten to be perceived as one that fits a restoration methodology to incapacity.
East London has been known to set the phase when it comes to sports concerning the disabled. They have set up numerous Paralympic games that encourage the disabled participants to express their abilities within these games. There are several organizations that have come up to ensure that there is in...
6 Pages(1500 words)Assignment

Resolving Traffic Congestion in Bejing

As such, changing that trajectory becomes difficult with time. This means that it will take time for the city to realize any marked and substantial changes in terms of controlling traffic congestion in the city. Currently, the number of vehicles in Beijing totals averagely 5.4 million, which is a significant increase compared to the 2007 tally. To reduce congestion in the city further, the municipal government in Beijing is taking steps to constrict its vehicle quota measure from 2014 onwards. However, restriction on vehicle ownership alone cannot guarantee a reduction in traffic congestion within the city (Fox & Tallon 2013, p.44). This report examines the current situation with regard to traffic congestion in Beijing and wei...
8 Pages(2000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Statistics Project on topic London Congestion Pricing Program for FREE!

Contact Us