Comment 87672

By Roundabout (anonymous) | Posted April 04, 2013 at 22:20:24

Has the congestion charge made a lot of money for London?

The media has reported £1.2 billion of revenue since it was introduced (with gross revenue of £2.6 billion). This suggests costs of 54% of revenue. The 2012 annual report noted £226.7 million in gross revenue from the congestion charge, with £81.2 million in "toll facilities and traffic management" costs and another £8.7 million in "administration, support services and depreciation", leaving net revenues of £136.8 million.  A cost factor of around 40%.   This suggests that had London wanted a new source of revenue, this wasn't an efficient way of delivering it.

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