The Infrastructure Investment and Jobs Act, which will take effect as soon as President Biden signs it next week, will offer Americans many benefits.
These benefits, although mainly non-cash transfers are offered in larger packages, including faster and cheaper internet access, highway and bridge repairs and replacements, investment in electric vehicles, safer and more modern airports, water security, upgrading of the electricity grid and development of public transport.
A $65 billion budget has been set aside for faster and cheaper internet to expand fast internet in rural areas and help low-income families pay their monthly broadband bills.
The bill also calls for $110 billion to repair 173,000 miles of the nation’s highways and major roads and 45,000 bridges in need of repair.
A $15 billion budget will be used to build a national network of electric vehicle charging stations along the country’s highways and to develop electric buses and ferries.
$25 billion will be spent on airport maintenance and repair, while $55 billion will be spent on improving the country’s water system.
$73 billion will be used to modernize the country’s power grid, replacing older power lines and cables, while investing in clean-energy research; and $39 billion will be spent improving the nation’s transportation system, including repairs to buses and subways.