The Federal Highway Administration on Tuesday announced that it released $59.9 billion to 12 programs to help address the nation’s crumbling infrastructure, according to an agency press release. The funding comes from the $1.2 trillion Infrastructure Investment and Jobs Act. The infrastructure law, signed last year by President Joe Biden, provides $550 billion over the next five years to support critical infrastructure efforts like revamping roads and bridges, carbon emission reduction and safety improvements. The Biden administration has focused not only on traditional infrastructure, but also items like broadband internet and climate resilience measures. The Carbon Reduction Program aims to boost projects designed to reduce transportation emissions, such as public transit, bikeways and walkways.
https://www.constructiondive.com/news/highway-administration-feds-60-billion-infrastructure-law-iija-states/634032/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-10-13%20Construction%20Dive%20Newsletter%20%5Bissue:45232%5D&utm_term=Construction%20Dive