Congestion pricing and related market-oriented strategies have the potential to create far-reaching improvements in the planning, funding, and operation of transportation systems. Transportation facilities and services are known to produce the greatest benefits for society when prices, access and other perceived user costs reflect the marginal costs of providing that transportation infrastructure and services, thereby balancing supply and demand. Carefully crafted pricing innovations that rely on market principles are needed to achieve more efficient infrastructure and resource use, better resource allocation decisions for investments, strengthened links between travel demand and revenue generation, and increased consumer choice in satisfying diverse transport needs. The increased benefits from innovative transportation pricing can be achieved in ways consistent with environmental values, social equity, protection of personal privacy, and expanded freedom of choice.
To foster research that will expand and synthesize pertinent knowledge, and to improve information exchange and dissemination about congestion pricing concepts and price-based applications, with the aim of encouraging carefully crafted pricing innovations across all modes of transportation.
The Committee fosters research to gain a better understanding of the technological, operational, business, financial, administrative, political and institutional aspects of innovative congestion pricing systems and services for all modes of transportation. Strategies include variable road pricing, integrated transit, parking pricing, and other price-based mechanisms that seek to affect transportation demand and use, as well as innovations in primarily revenue strategies such as mileage-based user fees. The Committee seeks to develop a comprehensive understanding of the effects of congestion pricing on the transportation system, addressing passenger and freight mobility, transit and highway interdependence, and interoperability of systems.