Industry celebrates shift from investment to historic infrastructure

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Better late than never, right? After weeks of internal strife and inter-party debate, House Democrats on Friday night won a long-awaited victory over President Bidenthe national agenda, the passage of the bipartite $ 1.2 trillion infrastructure bill called the Infrastructure Investment & Jobs Act (IIJA).

The move came after a progressive Democrat agreed to compromise with the rest of the party to decouple Biden’s larger economic plan, the Build Back Better plan, from the bipartisan infrastructure deal passed by the Senate. The climate and social spending package is currently being negotiated and the final text is being drafted. He will then receive a cost estimate from the non-partisan Congressional Budget Office (CBO). It is expected to bottom out the week of November 15.

The infrastructure bill tally was 228-206, with 13 Republicans crossing the aisle in support of the measure and six progressive Democrats against Biden and the partyWell done to the House after the passage of the $ 1.2 trillion infrastructure investment and jobs lawCNN leaders to voice their opposition to a process that left the fate of the biggest bill in limbo.

“The bipartite infrastructure framework is an essential generational investment in repairing and rebuilding our crumbling infrastructure, strengthening our economy and keeping the United States competitive globally,” Congressman David Price (NC-04) , Chairman of Transportation, Housing and Urban Development, and Associates The Agency Loans Subcommittee (T-HUD) and a member of the House Budget Committee said, “By passing this legislation we are creating jobs. well-paying people, invest in clean water infrastructure and bring broadband access to millions of Americans, including the more than 400,000 North Carolina residents who currently do not have reliable Internet access.

Now that this legislation is about to become law, communities across the county will begin to reap the benefits of these investments in the weeks and months to come.

“A monumental step forward”

The Senate passed the measure in the House on August 10, but it took nearly two months for it to reach Biden’s office. After its passage, Biden addressed reporters saying the bipartisan infrastructure bill was “a monumental step forward as a nation.”

“This will create well-paying jobs that cannot be outsourced. Jobs that will transform our transportation system with the biggest investments in passenger and freight rail, roads, bridges, ports, airports and more. public transport for generations, ”he said. in a report. “This will allow companies to get goods to market faster and reduce supply chain bottlenecks now and for decades to come.” This will ease inflationary pressures and lower costs for working families.

Strengths of the IIJA:

  • $ 303.5 billion over five years for federal highways programs, a 35% increase from previous bills
  • $ 450 billion for investments in highways and public transportation and a new five-year reauthorization of federal surface transportation programs
  • The overall package includes $ 40 billion in resources dedicated to repair, replacement and rehabilitation of bridges, which represents the largest investment dedicated to bridges since the construction of the interstate road network.
  • $ 55 billion for water supply projects focused on modernizing infrastructure – the largest investment in drinking water in our country’s history
  • Project allowing redesigns to move projects forward more quickly. Environmental impact statements under NEPA take an average of seven years. This bill contains many provisions, including the single federal decision for road projects which sets a two-year target for project approval.
  • $ 66 billion for passenger and freight rail transport
  • $ 65 billion to rebuild the electricity grid
  • $ 65 billion to expand broadband Internet access
  • $ 39 billion to modernize and expand public transit networks
  • $ 7.5 billion to build a national network of charging infrastructure for electric vehicles

The legislation includes $ 550 billion in new spending, which Biden and the Democrats had requested. The rest of the package is funded by drawing from unspent coronavirus relief funds already provided by law.

Industry is ready to get to work

It has been a historic and landmark week for the transportation construction industry and we are ready to put that money to work. The delay in House approval of the IIJA by no means overshadows the impact of more than five years the nation will receive from its enactment.

Statement from ARTBA President and CEO Dave Bauer:

“The Infrastructure Investment and Jobs Act has been the most important measure for more than 50 years to significantly improve the condition and performance of the US transportation network.

“Members of the US Senate and House of Representatives have demonstrated not only the importance of federal leadership in transportation infrastructure, butThis graph from ARTBA's economics team demonstrates the historical background to this measure, a result worth the months of commitment and hard work by the transportation construction industry that contributed to this major achievement.This graph from ARTBA’s economics team demonstrates the historical background to this measure, an outcome worth the months of commitment and hard work by the transportation construction industry that contributed to this major achievement.American Association of Road and Transportation Builders policymakers can find common ground and govern on matters of national concern.

We salute President Joe Biden, House Speaker Nancy Pelosi (D-Calif.), House Majority Leader Steny Hoyer (D-Md.), Senate Majority Leader Chuck Schumer (DN .Y.), Senate Minority Leader Mitch McConnell (R- Ky.), Senator Tom Carper (D-Del.), Senator Shelley Moore Capito (RW.Va.), Senator Kyrsten Sinema (D -Ariz.), Sen. Rob Portman (R-Ohio) and Rep. Peter DeFazio (D-Ore.) For their leadership in getting the job done, as well as other members of Congress who voted for the final passage .

“In today’s political environment where distortions and abuses masquerade as solutions, members of Congress have taken concrete steps that will benefit every state and community across the country.

“The transportation construction community now welcomes the opportunity to use these historic investments to achieve infrastructure results that will improve the quality of life for all Americans.s. “

AED President and CEO Brian P. McGuire released the following statement after the House of Representatives vote:

“After many years of delay, Congress has finally done its job and approved bipartisan legislation that will provide historic investments to modernize US infrastructure. This long-awaited achievement was not easy and would not have happened without the unprecedented involvement of ACN members during the long legislative process. The enactment of the IIJA is truly a success for the equipment industry, its customers and the country as a whole. ACN members stand ready to provide the machinery needed to rebuild the country.

“Unfortunately, politics unnecessarily delayed passage of the IIJA and it is unfortunate that every member of the House and Senate did not support the bill. The Senate led by example with its thoughtful and thoughtful review of the proposal last summer, but its counterparts in the House have not followed suit. The politicization by the House of bipartisan legislation on much needed infrastructure is unfortunate and caused by members of both parties.

“Lawmakers, Democrats and Republicans, who chose to do what was right for the country rather than the policy of the day should be commended. ACN and its members will not forget the courageous stand many have taken in the face of immense political pressure and disinformation campaigns.

Patrick Sabol, co-founder and CEO of United for Infrastructure said after the vote:

“As President Biden said recently,” after years and years and years of “infrastructure weeks,” we are on the cusp of a decade of infrastructure. “With adoption of the Infrastructure Investments and Jobs Act, this decade begins today. We all know that one bill will not solve all the problems facing our industry. However, it is time to celebrate the collective work of hundreds of organizations and thousands of individuals who brought us to this moment.

As the fight in Congress is over, the work has only just begun for the federal implementing agencies, the state and local governments responsible for the projects themselves, as well as the labor, business and civic groups that will make the shift. hard working to provide world class infrastructure for their communities. “

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