The Case for Infrastructure Spending
Congress recently passed the $1.2 trillion infrastructure bill, formally called the Infrastructure Investment and Jobs Act, and President Biden said he would sign the landmark bill into law soon.
The bill calls for investing $110 billion for roads and bridges, $66 billion for rail, $65 billion for power grid infrastructure, $65 billion for broadband, $63 billion for water and wastewater infrastructure, $47 billion for cyber and climate resilience, $39 billion for public transit, $25 billion for airports, $24 billion for environmental remediation, $19 billion for ports and waterways, $16 billion for electric vehicle infrastructure and electric mass transit, and $11 billion for road safety.
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