On Monday, November 15, 2021, President Biden signed into law the $1.2 trillion bi-partisan Infrastructure Investment and Jobs Act! Passage of this once-in-a-generation infrastructure package includes major investments in the nation’s transit and rail systems and will enable the rebuilding of our roads and bridges, water infrastructure, resilience, broadband, and more. Swift implementation will help to ease inflationary pressures and strengthen supply chains by making improvements to our ports, airports, rail and roads, creating good-paying jobs and growing the economy sustainably and equitably while improving safety. The legislation includes $550 billion in new federal investment in infrastructure, in particular $284 billion towards transportation:
- Roads and Bridges: $110 billion
- Rail: $66 billion
- Transit: $39 billion
- Aviation: $25 billion
- Ports and Waterways: $17 billion
- Safety: $11 billion
- Electric Vehicle (EV) Charging: $7.5 billion
- Electric Buses: $7.5 billion
- Reconnecting Communities: $1 billion
President Biden summed up the tremendous impact this bill will have by saying that “we took a monumental step forward as a nation…something that’s long overdue.”
