Here's what's included in the bipartisan $550B infrastructure spending bill
According to the White House, the bill's investments over the next 5 years are expected add an average of around 2 million jobs per year
Infrastructure important for the ‘productivity of the country’: Sen. Cramer
North Dakota Sen. Kevin Cramer on infrastructure and spending negotiations.
The White House and a bipartisan group of lawmakers reached an agreement on a $550 billion infrastructure spending bill Wednesday.
"This deal makes key investments to put people to work all across the country — in cities, small towns, rural communities, and across our coastlines and plains," President Biden said in a statement. "The Bipartisan Infrastructure Deal is a blue-collar blueprint to rebuild America that will help make our historic economic recovery a historic long-term boom."
According to the White House, the bill's investments over the next five years are expected add an average of around 2 million jobs per year. The deal will be financed through a combination of redirecting unspent emergency relief funds, targeted corporate user fees, strengthening tax enforcement on cryptocurrencies, and other bipartisan measures, in addition to the expected revenue generated as a result of the bill's investments.
Roads, Bridges, and Major Projects: $110 billion
The Bipartisan Infrastructure Deal will invest $110 billion in new funding for roads, bridges and major projects, and reauthorize the surface transportation program for the next five years.
The bill includes a total of $40 billion for bridge repair, replacement and rehabilitation, the single largest dedicated bridge investment since the construction of the interstate highway system. Meanwhile, $17.5 billion will be allocated towards major projects that are too large or complex for traditional funding programs.
Safety: $11 billion
Approximately $11 billion will be invested in transportation safety programs, including a new Safe Streets for All program aimed at helping states and localities reduce crashes and fatalities in their communities, especially for cyclists and pedestrians.
The investment will more than double funding directed to programs that improve the safety of people and vehicles, including highway safety, truck safety, and pipeline and hazardous materials safety.
Public Transit: $39 billion
About $39 billion will go towards modernizing public transit and improving its accessibility for the elderly and people with disabilities, in addition to continuing the existing transit programs for five years as part of surface transportation reauthorization.
Passenger and Freight Rail: $66 billion
The deal includes the largest investment in passenger rail since the creation of Amtrak, with $66 billion to eliminate Amtrak's maintenance backlog, modernize the Northeast Corridor, and bring world-class rail service to areas outside the northeast and mid-Atlantic.
Approximately $22 million will be provided as grants to Amtrak, $24 billion as federal-state partnership grants for Northeast Corridor modernization, $12 billion for partnership grants for intercity rail service, including high-speed rail, $5 billion for rail improvement and safety grants, and $3 billion for grade crossing safety improvements.
BIDEN TO SIGN NATIONAL SECURITY MEMO TO PROTECT CRITICAL INFRASTRUCTURE CYBERSECURITY
EV Infrastructure, Electric Buses, and Ferries: $15 billion
The agreement will allocate $7.5 billion to build out the first-ever national network of EV chargers, with funding for the deployment of EV chargers along highway corridors to help rural, disadvantaged, and hard-to-reach communities with travel. It will also invest $2.5 billion in zero-emission buses, $2.5 billion in low-emission buses, and $2.5 billion for ferries.
Reconnecting Communities: $1 billion
About $1 billion in funding will create the first-ever program designed to reconnect communities divided by transportation infrastructure. The program will fund planning design, demolition, and reconstruction of street grids, parks, or other infrastructure.
Airports, Ports and Waterways: $42 billion
The bill will invest $17 billion in port infrastructure and $25 billion in airports to address repair and maintenance backlogs, reduce congestion and emissions near ports and airports, and drive electrification and other low-carbon technologies.
Clean Drinking Water and Water Infrastructure: $105 billion
About $55 billion will go towards replacing the nation's lead pipes and service lines to provide cleaning drinking water. The deal also includes over $50 billion in funds towards weatherization and protecting against the impacts of climate change, such as droughts and floods.
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High-Speed Internet: $65 billion
Approximately $65 billion will go towards ensuring every American has access to reliable high-speed internet.
The bill will help lower internet services prices by requiring funding recipients to offer a low-cost affordable plan, creating price transparency and helping families comparison shop, and boosting competition in areas where existing providers aren’t providing adequate service. In addition, it will pass the Digital Equity Act to end "digital redlining" and create a permanent program to help more low-income households access the internet.
Environmental Remediation: $21 billion
Roughly $21 billion will be allocated towards environmental remediation to address pollution, create good-paying union jobs in hard-hit energy communities, and advance economic and environmental justice. Environmental remediation measures include cleaning up superfund and brownfield sites, reclaiming abandoned mine land and capping orphaned gas wells.
Power Infrastructure: $73 billion
The deal provides $73 billion towards upgrading power infrastructure, including building thousands of miles of new resilient transmission lines to help expand renewable energy, creating a new Grid Deployment Authority, investing in research and development for advanced transmission and electricity distribution technologies, promoting smart, flexible and resilient grid technologies. It also invests in demonstration projects and research hubs for next generation technologies like advanced nuclear reactors, carbon capture, and clean hydrogen.