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.

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

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