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How the US is Spending $1.2 Trillion On Infrastructure Megaprojects

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The $1.2 trillion Bipartisan Infrastructure Law is the largest investment in America’s physical public assets in decades and the biggest commitment ever by the government to fight climate change.

The bill expands the Buy America requirement for infrastructure materials, which will boost the American manufacturing sector and industries like steel production.

Its core is an expansion on the 5-year transportation infrastructure law known as the FAST Act, passed in 2015.

45% of Americans lack access to public transportation and for every $1b spent on transit, 50,000 jobs are created. This bill will provide the largest investment in public transit in American history.

Almost 40K people died in motor vehicle-related incidents in 2019, and unsafe road infrastructure is a major risk factor for these fatalities.

On top of traditional infrastructure spending, the bill invests an unprecedented $550 billion over five years on dozens of innovative new programs.

The bill builds out a national network of 500,000 electric car (EV) chargers to ease range anxiety and accelerate the switchover from gasoline to electric.

$500m to electrifying school buses, $5b for zero emission public transit buses, and $2.5b toward electrifying the many ferries on our extensive waterways.

To make sure these vehicles are powered by renewable electricity, the bill makes the largest investment in the energy grid in American history. Hundreds of substations and thousands of miles of new high voltage transmission lines will bring green electricity to cities as wind and solar are now the lowest cost sources of electricity.

With 45,000 bridges in poor condition throughout the country, a new program will oversee $40b for repairs and rebuilds.

The largest investment Amtrak's history will modernize the passenger rail network for our transportation and economic future.

Airport and port delays jeopardize over 1 million jobs. The bill will fund repairs, improve logistics, reduce congestion, and increase electrification to reduce emissions.

More than 30 million Americans live in areas with no high-speed internet infrastructure and are still suffering seconds-long waits to load pages and constant video buffering–or they have to go to a library or restaurant just to get something done.

This historic investment will guarantee that every American has reliable broadband internet access.

10 million households and 400,000 schools lack access to safe drinking water. The Biden administration detailed its plan to try to replace every underground drinking water pipe in the country in the next ten years. About half of the children in the US have detectable levels of lead in their blood.

In 2021, 20 weather disasters of $1b each 688 people no alive. To build resilience to extreme weather, $71b on:

Flood mitigation and waterway management by the Army Corps of Engineers;

Water storage, recycling, and ecosystem restoration to help California and other western states deal with drought.

Wildfire fighting like clearing dry brush and trees fuel blazes.

Inside the $1.2 TRILLION Plan to Modernize US Infrastructure

Inflation reduction act Joe Biden Michelle Obama Brian Tyler Cohen

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23 января 2022 г. 0:13:02
00:14:48
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