![]() ![]() ![]() To tackle transportation issues like this, the infrastructure bill will reauthorize surface transportation programs for five (5) years and authorize $110 billion in additional funding to fix roads, bridges and implement other major transportation projects. This caused the average transit time to increase from eight (8) minutes to seventy-six minutes per day, and it cost the trucking industry upwards of $200 million in just three (3) months. In May 2021, a crack detrimental to the bridge’s structural integrity was found on a span of Interstate 40 crossing the Mississippi River between Arkansas and Tennessee, causing it to close for three months. bridges are considered to be in poor condition. highways and major roads are in poor condition. How will the Infrastructure Bill Improve Highways, Roads and Bridges in the US?Īccording to federal data, one (1) in every five (5) miles of U.S. ![]() The objectives of these programs are to strengthen the country’s competitiveness with supply chain improvements at intermodal transportation hubs: ports, highways, railyards, and airports, all of which will provide long-term benefit to the logistics, distribution and transportation equipment industries. In addition, the bill will fund expanded broadband internet, electric energy programs and clean water initiatives. The infrastructure bill includes funding to improve roads and bridges, provide safety improvements for highways, expand shipping port and airport capacity, and fund public transportation and Amtrak service. What was Included in the Infrastructure Bill that was Signed into Law in November 2021? It is one of the largest federal infrastructure spending packages in history. This deal approves the spending of $1.2 trillion dollars over the course of 5 years in order to fund existing programs and provide new funding to improve U.S infrastructure, including roads and bridges. In November 2021, President Biden signed into law the Infrastructure Bill after months of bipartisan negotiations. ![]()
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