Share
The Budget provides $1 trillion in direct Federal investment in our infrastructure.
This investment has two major components. The first is an $810 billion, 10-year reauthorization of surface transportation programs. The proposal includes $602 billion for highway infrastructure, $155 billion for transit infrastructure, $20 billion for traffic and motor carrier safety, $17 billion for rail infrastructure, $16 billion for TIFIA loans and BUILD grants, and almost $1 billion for pipeline and hazardous materials safety.
The second major component is an additional $190 billion in investments across a range of infrastructure sectors, including:
- A new Building Infrastructure Great grants program: This program will spend $60 billion to accelerate delivery of projects across a range of sectors: surface transportation road, bridge, rail, transit, pipeline, landside port, and intermodal connection capital investments; lock, dam, and canal investments; drinking water and waste treatment capital investments; and energy and broadband capital investments.
- A new Bridge Rebuilding program: Approximately 47,000 bridges in the United States are classified in poor condition – 80 percent of which are in rural areas. This program will spend $35 billion in targeted investments in critical bridge infrastructure to restore them to good condition. $12 billion will be provided for “off-system” bridges via formula, and $23 billion will be provided for larger bridges via a competitive process.
- A new Revitalizing Rural America program: This program recognizes the unique needs and contributions to our economy made by rural communities, and will invest $25 billion to help them deliver broadband, transportation, water and other infrastructure projects. Funding will be distributed via formula to States, territories and Tribes, and bonus grants will be provided based on the boldness of locally-developed investment and performance
Next: Insurance
Previous: Housing