US to modernize highways, roads, airports, and railWorld | 1 Apr 2021 12:10 pm
The infrastructure plan U.S. President Joe Biden rolled out in Pittsburgh on Wednesday includes US$2.3 trillion in investments aimed at everything from fixing 10,000 bridges to tearing lead pipes out of millions of homes in the United States, Reuters reports.
US$650 BILLION FOR ROADS, RAIL, TRANSPORT
The plan would modernize 20,000 miles of highways and roads, the top 10 “economically significant bridges” and 10,000 other bridges.
It includes US$20 billion for road safety programs to reduce fatalities for cyclists and pedestrians, and $20 billion to reconnect neighborhoods divided by highway projects.
It would double federal funding for public transit with a US$85 billion investment and invest US$80 billion in Amtrak.
The plan includes US$25 billion for airports, US$17 billion for inland waterways, coastal ports and ferries, and investments in cleaning port air pollution.
There’s another US$25 billion for “ambitious” transportation projects “too large for current funding programs.”
And, in a boost to electronic vehicle makers, a US$174 billion investment to “win the EV market” by spurring domestic supply chains and giving consumers rebates to buy them.