NCP Statement first published in 'Parking Review' magazine 7th March 2002.
'As a member of the Clearway consortium which bid to operate the London Congestion Charging Scheme, NCP has set out to study the impact of the London congestion charging scheme in some detail.
The reduction in traffic volume of up to 15% forecast within the scheme is principally predicated on cutting the number of through-journeys. These motorists, by definition, would not be using our car parks.
Similarly, a reduction in delivery and HGV vehicle numbers within the zone would not affect car park utilisation. It is also important to remember that the necessary public transport infrastructure improvements to cater for substantial displacement of car users will not be in place by the date of the proposed introduction of the scheme. The £5 daily charge is also not set at such a rate as to deter substantial segments of the car-using public.
Hence, it is our assessment that the introduction of congestion charging will probably have a negligible impact on our business. Moreover, we also predict an increase in demand for NCP car parks outside the Congestion Charging Area. This demonstrates the strength of NCP’s business model in that our wide distribution of car parks reduces any potential vulnerabilities to such schemes.'
