Associations Celebrate Passage of Historic Infrastructure Package
November 10, 2021
The massive $1.2T—that’s trillion—package was finally passed by Congress and is awaiting the signature of President Joe Biden (as of 11.09.21). The Infrastructure Investment and Jobs Act is one of the Biden administration’s landmark spending bills that promises an upgrade to our nation’s transportation network, but also energy, water, and internet systems.
Spending within the bill includes:
- $89.9B for new infrastructure and reauthorizations
- $66B for Amtrak maintenance and development
- $40B for bridge repair, replacement, and rehabilitation
- $65B to create universal access to reliable high-speed internet
- $65B for clean energy transmission and power infrastructure upgrades
Funding is also allocated for developing an electric vehicle charging network across the country, with a focus on replacing Diesel-powered school buses with electric- and battery-powered ones
Updating the nation’s airports, including gates and runways, aiming to reduce congestion and remain globally competitive
President Biden is expected to sign the bill into law later this week.
Reactions from industry associations:
"We applaud the House of Representatives for finally coming together to pass the largest infrastructure investment in generations, for the betterment of the U.S. transportation system and the U.S. economy. Special thanks to those representatives who put politics aside to ensure our country’s infrastructure can meet the future needs of our country’s transportation system to keep moving our economy forward.” — American Bus Association President & CEO Peter Pantuso.