After months, the new US $ 1.2 trillion infrastructure package is now officially law. President Joe Biden signed the bill on Monday, giving the green light to funds for public projects that could affect all regions of the country. Although it does not allow another round of dunning checks or extend the Infrastructure Investments and Jobs Act 2021 takes care of everything from repairing rickety roads to high-speed internet access .(this extension could be the subject of a different bill later this year – see below for more details), – the
“America is on the move again and your life will change for the better,” Biden when signing the bill. One thing to know right away, this law is completely different from the Rebuild Better Act, which could include money for more audits of the child tax credit, housing credits, health care and child care – what some are calling “human infrastructure. “This bill is still in preparation.
For now, here’s what the new infrastructure law could mean for you (and how much money is planned for each project). Here is the latest on, the last on the and the .
Faster Internet Across America
The focus on the infrastructure law – and much of the funding – will go to expandingand help low-income families .
The budget: $ 65 billion
What is the money for: In addition to building high-speed internet in areas that do not have reliable access, the law would require providers to offer a plan that is affordable for low-income families. The law will set aside $ 14 billion to help low-income families pay the cost of an internet connection, extending emergency broadband grants the government put in place during the pandemic.
New and repaired roads, highways and bridges
The biggest expense item of the law is reserved for the roads and bridges of the country.
The budget: 110 billion dollars
What is the money for: According to the White House173,000 miles of highways and major roads in the country as well as 45,000 bridges are in poor condition. The law will set aside nearly $ 40 billion for the repair and replacement of bridges alone.
Investment in electric vehicles, including a national network of charging stations
The law will invest in electric vehicles, including buses and a chain of electric vehicle chargers along the country’s highways. (As part of the promotion of electric vehicles, Congress intends this year to offer.)
The budget: $ 15 billion
What is the money for: 7.5 billion dollars will be devoted to the construction of a national network of charging stations for electric vehicles along the highways. Other funds will go to EV buses – including school buses – and ferries.
Safer and more modern airports
The law sets aside money for the maintenance and improvement of airports.
The budget: $ 25 billion
What is the money for: Repair and upgrade runways and gates, and upgrade terminals and air traffic control towers.
Another costly item is the money to pay for improvements to the country’s water supply system.
The budget: $ 55 billion
What is the money for: Among the areas the law will address, it will fund the replacement of lead pipelines across the country and the construction of water supply infrastructure in tribal and low-income communities.
Upgrade the power grid
The White House said power outages cost the US economy up to $ 70 billion a year.
The budget: $ 73 billion
What is the money for: Update the country’s power grid by replacing old power lines and cables and investing in clean energy research.
Develop public transport
The White House said 24,000 buses, 5,000 railcars and 200 transit stations need repairs.
The budget: $ 39 billion
What is the money for: Improvements to the country’s public transportation system, including repairs to buses and metro cars. The law would also fund improvements to the transit system and extend transit to more riders.
For more, here’s what we know about the position of the Biden administration, which regions of the country are and more on how the new law will treat .