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The London Congestion Charge is now a reality. What has been the effect of this initiative on businesses (and other stakeholders).

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Introduction

The London Congestion Charge is now a reality. What has been the effect of this initiative on businesses (and other stakeholders). INTRODUCTION: Background info: Congestion charging is a way of ensuring that those using valuable and congested road space make a financial contribution. The scheme requires drivers to pay �5 per day if they wish to drive in Central London during the scheme's hours of operation. The scheme relies on 700 video cameras, which will scan the rear license plates of the motorists who enter the area between 7am and 6:30pm during the working week. This information will be matched each night against a database of drivers who have paid the charge either by phone, via the Internet or at shops and petrol forecourts. ...read more.

Middle

* It has been estimated that London looses between �2-4 million every week in terms of lost time caused by congestion. Ken Livingstone, London's Mayor, hopes to cut traffic by 15%, leading to a 25% reduction in traffic delays. The net proceeds are expected to be around �120m a year, which will be used to improve public transport. Because of congestion in London the government has taken over/ intervened because it was a case of market failure. It failed because the roads/ resources weren't being managed causing inefficiency and pollution. This congestion charge has been set up to erect that problem because London is the capital and a thriving city. These improvements may seem a bit steep e.g. �80 fine, but they have got to show they are serious so that the scheme is not taken for granted. ...read more.

Conclusion

There are benefits for those with particular needs such as the disabled and taxi drivers. These need benefits to live a normal life and keep the norm going. Because if taxis and mini-cabs stopped working people who had to travel to work, business meeting or wanted to get directly home would have to use some other means of transport. Also it will encourage them to keep working and disabled people to keep coming into London and not feel restricted. This scheme will also show what the commuters and stakeholders think of the efficiency of roads in Central London. Because if they are satisfied or think that they are getting their value for their money e.g. less traffic, good maintenance they will be willing to keep paying and perhaps more people will see that the scheme is efficient. Sam Wadieh Page 1 01/05/2007 ...read more.

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