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On Monday, President Biden signed the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act into law. The measure will deliver $550 billion in new federal spending over 5-years and will direct $650 billion in already appropriated dollars into new and existing funding programs for project development that includes:

  • Modernizing electric utility grids;
     
  • Building and repairing roads, bridges, and major infrastructure projects;
     
  • Developing critical minerals;
     
  • Upgrading railways;
     
  • Deploying climate resiliency and environmental remediation projects;
     
  • Upgrading and expanding broadband;
     
  • Updating water systems, including lead pipe removal;
     
  • Expanding electric public transportation and charging station infrastructure;
     
  • Establishing transportation projects in rural areas; and
     
  • Revitalizing airports, ports, and waterways.
     

The full text of the Infrastructure Investment and Jobs Act can be found here.

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