Giving Compass' Take:

• New York City has become the first in the US to approve congestion pricing policies. If properly used, congestion pricing can ease traffic, speed up travel times, reduce pollution and provide funds for public transport and infrastructure investments.

• How will New York handle this successfully? How will this affect areas of the economy and tourism?

• Learn more about congestion pricing for traffic-clogged cities.

New York City will be the first in the US to impose congestion pricing, charging drivers to enter the most crowded parts of Manhattan.

The plan was approved by the state legislature early on Monday morning as part of the state budget, after a crisis in the city’s subways brought to a head a decade-long fight over charging motorists in Manhattan.

Under the plan backed by Governor Andrew Cuomo, drivers will have to pay tolls to enter Manhattan south of 60th Street.

The plan is expected to raise $15bn for the Metropolitan Transportation Authority, which is struggling to modernize decades-old subway infrastructure and reduce rampant delays.

Read the full article on New York City's congestion pricing by Erin Durkin and Lauren Aratani at The Guardian.