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Resources > Blog > Unveiling IIJA: An Overview of Federal Infrastructure Funding


UNVEILING IIJA: AN OVERVIEW OF FEDERAL INFRASTRUCTURE FUNDING

  By Gordian

The Infrastructure Investment and Jobs Act (IIJA), signed into law on November
15, 2021, is a landmark legislation that promises to reshape the American
landscape. This $1.2 trillion package is set to fund a wide array of
infrastructure projects, from roads and bridges to broadband and water systems
from fiscal year (FY) ’22 – FY ‘26. This blog post aims to provide a
comprehensive overview of the IIJA, focusing on its funding provisions.


THE GENESIS OF IIJA

The IIJA is a result of bipartisan negotiations and was passed with a 69-30 vote
in the Senate and a 228-206 vote in the House of Representatives, reflecting a
broad consensus on the need for infrastructure investment. The legislation is a
testament to the belief that infrastructure is not a partisan issue, but a
national one.


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THE IMPACT OF IIJA

The IIJA is expected to have a transformative impact on the American economy. It
is projected to create millions of jobs, boost economic growth and enhance the
competitiveness of the United States on the global stage. The legislation also
has a strong focus on climate change, with provisions aimed at reducing
greenhouse gas emissions and promoting clean energy.

The IIJA also prioritizes equity, with provisions to ensure that the benefits of
infrastructure investment are shared by all Americans, regardless of their zip
code. The legislation includes a $1 billion Reconnecting Communities pilot
program, aimed at addressing the historical inequities in transportation
infrastructure.




THE INFRASTRUCTURE FUNDING BREAKDOWN

The IIJA allocates $1.2 trillion over five years, with $550 billion in new
federal investments. This new infrastructure funding is divided among various
sectors:

 * Surface Transportation: $110 billion is allocated for roads, bridges and
   major projects. This funding is aimed at repairing and replacing aging
   bridges, enhancing climate change mitigation, fortifying resilience and
   safety, and ensuring access for all users.
 * Passenger and Freight Rail: The Act includes $66 billion for passenger and
   freight rail, marking the largest federal investment in passenger rail since
   the creation of Amtrak. This funding will address the repair backlog,
   modernize the Northeast Corridor and expand rail service to areas outside the
   Northeast and mid-Atlantic.
 * Broadband Infrastructure: Approximately $65 billion is allocated to ensure
   every American has access to reliable high-speed internet. This includes
   building infrastructure in unserved and underserved areas, lowering prices
   for internet service and creating a low-cost option for families who can’t
   afford it.
 * Power Infrastructure: $65 billion is allocated to rebuild the electric grid.
   This includes building thousands of miles of new, resilient transmission
   lines to facilitate the expansion of renewable energy.
 * Water Infrastructure: $55 billion is set aside for water infrastructure. This
   funding will replace lead pipes and service lines, and upgrade and modernize
   America’s drinking water, wastewater and stormwater systems.
 * Resilience: The IIJA provides more than $50 billion to make American
   infrastructure more resilient. This includes funding to protect against
   droughts, floods and wildfires.
 * Public Transit: $39 billion is set aside to modernize public transit. This
   includes repairing and upgrading existing infrastructure, making stations
   accessible to all users, bringing transit service to new communities and
   modernizing rail and bus fleets.
 * Airports: $25 billion is allocated for airports to repair aging
   infrastructure, reduce congestion and emissions, drive economic growth and
   create jobs.
 * Research, Development and Deployment: The IIJA includes $25 billion to drive
   innovation and make the U.S. a leader in clean energy and climate science.
 * Environmental Remediation: The Act invests $21 billion for environmental
   remediation. This funding will clean up Superfund and brownfield sites,
   reclaim abandoned mine lands and cap orphaned oil and gas wells.
 * Ports and Waterways: The Act provides $17 billion for port infrastructure and
   $25 billion for waterways. This funding will lower traffic and shrink carbon
   footprint, create jobs and generate revenue.
 * Safety: The IIJA includes $11 billion for transportation safety programs.
   This includes funding for highway safety, truck safety, pipeline and
   hazardous materials safety, and a new Safe Streets and Roads for All
   initiative.
 * Western Water Infrastructure: The Act includes $8.3 billion for western water
   infrastructure. This funding will repair aging infrastructure and support
   water supply reliability.
 * Digital Equity: The Act provides $2.75 billion for digital equity. This
   funding will ensure that all Americans, particularly those in low-income and
   rural areas, have access to affordable high-speed internet.
 * Cybersecurity: The IIJA allocates $1 billion for cybersecurity. This funding
   will protect critical infrastructure from cyber threats.

The IIJA is a monumental step towards addressing the infrastructure needs of the
United States. However, the implementation of the legislation will be a complex
task, requiring coordination among various federal, state and local agencies.
The success of the IIJA will depend on how effectively these funds are deployed
and how efficiently the projects are executed.

In conclusion, the Infrastructure Investment and Jobs Act is a historic
investment in America’s infrastructure. It promises to create jobs, stimulate
economic growth, and make the United States more competitive. As the IIJA
unfolds, it will be interesting to see how this legislation shapes the future of
the American landscape.


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