Cost

The annual operating costs for a parking pricing system in central London averaged $77 million.

Experience with parking systems in central London.


2011
Westminster; England


Summary Information

This report covered a small-scale study of parking 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 only one parking pricing system in the Westminster area of London, England. Over fiscal years 2004 to 2008:
  • Operating costs averaged $77 million.
  • Revenues averaged $136 million.
  • Average operating costs were estimated at 56.6 percent of revenues.


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Source

NCHRP Report 689: Costs of Alternative Revenue-Generation Systems

Author: Balducci, Patrick, et.al.

Published By: Transportation Research Board

Source Date: 2011

URL: http://onlinepubs.trb.org/onlinepubs/nchrp/nchrp_rpt_689.pdf

System Cost

Parking Pricing System Annual Operating Costs: $77 million

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Cost ID: 2011-00243