U.S. Department of Transportation | Intelligent Transportation Systems Joint Program Office

All: Parking Management (PM)

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The cost to install smart parking meters typically range from $250 to $500 per meter.

The cost to install ultrasonic parking space availability sensors can range from $300 to $500 per space, depending on local labor costs.

The cost to implement SmartPark systems can range from $2,000 to $30,000 per space depending on technology, location, level of cooperation among public and private entities, and deployment strategy.

The Colorado Truck Parking Information Management System (TPIMS) has a total estimated capital cost of $9 million.

An intelligent truck parking management system using cameras to detect parking availability and automatically notify drivers via a website, in-cab messaging, and roadside dynamic message sign costs $70,000 to $120,000.

The City of Miami Beach estimated the cost to retrofit a TMC to monitor traffic conditions, compile data, and disseminate real-time traffic and parking information would cost $331,000.

The capital cost to centralize all real-time roadway traveler information to the TripCheck Travel Information Portal was estimated at $3 million.

The capital cost to install a next generation transit signal priority system in the Portland area was estimated at $500,000.

A multi-modal ICM solution for the I-95/I-395 corridor would cost approximately $7.45 Million per year.

The capital cost to implement a smart parking system having two roadside DMS units, an integrated web-based reservation system, and IVR support was estimated at $205,000