Experience with cordon pricing in London, Oslo, Stockholm and Milan.
Milan, Italy
London, England
Stockholm, Sweden
Oslo, Norway
This report covered a small-scale study of cordon pricing systems to help state officials and other policy makers discuss the implementation and operational costs of alternative revenue-generating systems. Cost and revenue data were collected from cordon pricing systems in London, Oslo, Stockholm, and Milan.
The data collected indicated that operating costs and operating revenues averaged $75 million and $191 million, respectively. Thus, average operating costs were 38.7 percent of revenues. The data below excerpted from Table 35 in the source report summarized financial performance data from cordon pricing systems around the world.
Cordon Pricing Systems |
London, England
(Average FY 2004-2007) |
Oslo, Norway
(Average FY 2003-2008) |
Stockholm, Sweden
(2006) |
Milan, Italy
(2008) |
Operating revenue |
$431.3
|
$202.5
|
$111.5
|
$17.0
|
Operating costs |
$238.5
|
$21.6
|
$32.2
|
$9.2
|
Non-operating costs |
$31.9
|
$62.5
|
$7.3
|
-
|
Operating costs/revenue |
55.4%
|
10.6%
|
39.9%
|
53.9%
|
Gross margin |
44.6%
|
89.4%
|
60.7%
|
46.1%
|
NCHRP Report 689: Costs of Alternative Revenue-Generation Systems
See Summary Table