Following months of deliberations, US President, Joe Biden has signed the bipartisan Infrastructure Investment and Jobs Act which will provide $1.2 trillion in federal spending over the next five years.
According to reports, budgets contained in the bill include: $110 billion for roads, bridges, and other major projects; Public transit investments in the bill total $39 billion to modernize transit and improve accessibility.
Amtrak would see $66 billion for maintenance, to upgrade tracks in the Northeast Corridor and bring rail service — including high-speed rail — to other areas of the country; $73 billion would go to power grid upgrades, including building thousands of miles of new transmission lines for renewable energy and research for new technologies like nuclear reactors and carbon capture.
Lawmakers are investing $7.5 billion in building a nationwide network of charging stations for electric vehicles to help accelerate the adoption of non-fossil fuel cars; $5 billion for new school buses, although the program would allow half of that to go toward buses that run on natural gas or diesel. The plan also includes $2.5 billion for ferries; Airport repairs and efforts to reduce congestion and emissions would see $25 billion. That includes encouraging the use of electric and other low-carbon technologies. It would also invest $17 billion in port infrastructure; $50 billion in the bill to help communities fight cyber-attacks and the effects of climate change. The funds include money to protect against droughts and floods; Efforts to improve drinking water would be funded at $55 billion, including dedicated funding to replace lead pipes and dangerous chemicals; Infrastructure spending includes broadband, and $65 billion would be invested in high-speed internet to make sure that every household can access reliable broadband service.
The bill spends $21 billion on environmental remediation to address past pollution that harms public health; $11 billion would support improved transportation safety, including programs to reduce crashes and fatalities, especially for cyclists and pedestrians.