President Biden Signs Historic Infrastructure Bill
Last week, President Joe Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law. This legislation marks a historic $1 trillion investment in America’s infrastructure over the next five years. The bill includes both a five-year surface reauthorization and an additional $550 billion in infrastructure funding.
Included in the additional $550 billion is an additional $110 billion to roads and bridges, $40 billion for rail, $55 billion for water infrastructure $25 billion toward airports. The bill also includes environmental permitting reforms, dedicated funding for bridge repair and replacement, and major projects and investments in resiliency. The enactment of the IIJA marks a huge win for the concrete and construction industry. Many NRMCA members contributed their time and effort in lobbying for the bill over the last several years.
Click here to see the funding and potential projects that the IIJA could mean for your state and here to see an analysis of the economic impact on your state or other states. For more information, contact Andrew Tyrrell at email@example.com.