This guide discusses the funds made available by IIJA for the renovation and restoration of the federal-aid highway, bridges, transit, highway safety, motor carrier, research, hazardous materials, and rail programs.
This guide discusses the funds made available by IIJA for the renovation and restoration of the federal-aid highway, bridges, transit, highway safety, motor carrier, research, hazardous materials, and rail programs.
A reported 43% of our roadways are in poor condition, 7.5% of bridges are structurally unsound, and there is a $786 million backlog on road and bridge projects. If not addressed, the economic impact will cost trillions of dollars and risk the well-being of American citizens across the country.
The IIJA has injected an extensive $273.15 billion into the Highway Trust Fund for highways, roads, and bridges over the next five years. The funds will be spread across nine federal-aid programs and will vary state-by-state according to a specific formula that considers criteria such as population size.
Once state agencies receive the federal funds, there will be a great deal of autonomy on which projects will be undertaken. With the first portion of money scheduled for appropriation at the beginning of 2022, state agencies are rapidly preparing to launch new initiatives across the board, from shovel-ready projects to larger, more complex projects.
With a roughly 20% higher budget than 2021, the additional funds can be effectively used to correct many of the errors made to America’s transportation grid in the 1950s. To many, the bill is a path to the future through equity, sustainability, collaboration, and technology.
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