Celebrating humanity's flourishing through the spread of capitalism and the rule of law
06 Apr 2014 Leave a comment
in politics, Public Choice, transport economics Tags: congestion charges
Sweden had a novel approach to introducing a road congestion charge. The congestion toll is put in place in 2006 for six months and then was lifted for another seven months.
A local referendum was then held on whether to bring the road tolls back or stay with the old traffic congestion. Road traffic passing in and out of the cordon in Stockholm Municipality reduced by between 20-25% during the period of the trial.
Neat.
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