Traffic Management & Congestion Mitigation Parking Policy for Islamabad Capital Territory

Idrees Khawaja, Zehra Gardezi, Mohammad Shaaf Najib and Maryam Akhtar Khan
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Idrees Khawaja: Pakistan Institute of Development Economics
Zehra Gardezi: Pakistan Institute of Development Economics
Mohammad Shaaf Najib: Pakistan Institute of Development Economics
Maryam Akhtar Khan: Pakistan Institute of Development Economics

No 2023:4, PIDE Research Report from Pakistan Institute of Development Economics

Abstract: Free parking is a subsidy to car owners in the sense that motorists undervalue the cost of driving resulting in car use beyond the optimal level. This imposes several costs on society in the form of traffic congestion, urban sprawl, greater consumption of energy, and pollution. Evidence suggests that paid parking reduces car use, yet the policy response to more cars on the roads has been to increase the number of parking spaces – thus instead of demand management, the focus is on augmenting the supply. Parking spaces are developed on valuable urban land that has competing uses, hence there should be a limit on land that can be allocated to parking – pricing the parking land will determine the limit.

Pages: 132
Date: 2023
New Economics Papers: this item is included in nep-ene, nep-tre and nep-ure
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