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The Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL), is a United States federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on November 15, 2021.
The U.S. Departments of Transportation and Housing and Urban Development, and Related Agencies Appropriations Act for 2010 made $600 million available for transportation infrastructure investment. [5] On June 30, 2011, Secretary LaHood announced that nearly $527 million would go towards the third round of TIGER fund disbursal.
American Recovery and Reinvestment Act of 2009; Long title: An Act making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, State, and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.
The problem of aging infrastructure cannot be addressed by the individual states because the costs are too high, meaning the federal government has to be involved. [21] The federal tax on fuels, a major source of revenue for infrastructure spending, remains the same as it was in 1993, [22] at $0.183 (~$0.00 in 2023) per gallon ($0.048 per liter ...
The Corridor Identification and Development Program, abbreviated as the Corridor ID Program, is a comprehensive planning program for inter-city passenger rail projects in the United States administered by the Federal Railroad Administration (FRA) under the 2021 Infrastructure Investment and Jobs Act (IIJA). Each route accepted into the program ...
Aspects of the AJP's infrastructure goals were diverted into the Infrastructure Investment and Jobs Act, which was signed into law in November 2021. Other AJP priorities (e.g., climate change remediation, home health care reform, etc.) were then merged with the AFP to form the Build Back Better Act. [5]
In 2008, Obama suggested that the Bank would borrow US$60 billion of federal funding to invest in infrastructure over 10 years, while leveraging "up to $500 billion" of private investment. [2] It would invest in high-speed trains to provide an alternative to air travel, energy efficiency , and clean energy , among other kinds of public ...
As of the 2022 fiscal year, the Infrastructure Investment and Jobs Act (IIJA) has taken effect, setting this budget to $250 million. [7] In addition to an increased budget, TIFIA's project eligibility has also extended to State Infrastructure Banks (SIB), most airport projects, and additional transit-oriented development. [7]