WASHINGTON — On Monday, President Joe Biden is set to sign into law a sweeping bipartisan infrastructure package, an integral component of his domestic agenda and the largest investment in the country’s infrastructure in decades.
The bill, priced at $1.2 trillion, will tackle nearly every facet of American infrastructure, including public transportation, roads, bridges, ports, railways, power grids, broadband internet, as well as water and sewage systems.
The package, which includes $50 billion in new spending, is meant to repair and enhance the country’s beleaguered infrastructure, which has languished as investment has slowed. About $650 billion of the funding will be reallocated from already existing projects and funds.
Bridges, Broadband more will get billions
While the White House and Democrats are quick to tout many of the bill’s aspects, the final package is about less than half of the proposed spending on infrastructure Biden originally requested from Congress.
The legislation directs $110 billion to fix America’s roads and bridges; $66 billion to mainly improve Amtrak’s Northeast Corridor line as well as other routes; $65 billion to expand broadband internet access; $65 billion to modernize the nation’s electrical grid; $55 billion for water and sewage systems; $39 billion to expand public transportation systems; $25 billion to renovate airports; and $7.5 billion for electric vehicle charging stations, among other investments.