Commodities and Futures News

U.S. to provide $1 billion to reconnect neighborhoods divided by highways, rail

2022.06.30 12:16

U.S. to provide $1 billion to reconnect neighborhoods divided by highways, rail
FILE PHOTO: A nighttime view of vehicle traffic along the Interstate 405 (I-405) highway in Carson, California, U.S., March 11, 2022. Picture taken with a drone and long exposure. REUTERS/Bing Guan

By Andy Sullivan

WASHINGTON (Reuters) – The U.S. government will provide $1 billion to neighborhoods that have been divided by highways, rail lines or other transportation infrastructure, officials from the U.S. Department of Transportation said on Thursday.

The money aims to help repair the harm done from decades of road and rail construction that disproportionately displaced minority and low-income communities, officials said.

Historians say local officials across the country often used the interstate building boom of the 1950s and 1960s to demolish what they regarded as “slum” neighborhoods near downtown business districts, paving over Black neighborhoods like Rondo in St. Paul, Minnesota or the 15th Ward in Syracuse, New York.

Over the next five years, the Transportation Department will award grants through the new Reconnecting Communities pilot program to help undo some of that damage, through projects like covering over freeways or building pedestrian walkways over rail lines, officials said.

“Our focus isn’t about assigning blame. It isn’t about getting caught up in guilt or regret, it is about fixing the problem,” Transportation Secretary Pete Buttigieg said on a conference call.

The $1 billion, to be distributed over five years, is short of the $20 billion President Joe Biden had originally sought from Congress.

But officials said the money could help get projects off the ground, making it easier to tap hundreds of billions of dollars included in other areas of Biden’s signature infrastructure law. Of the $195 million available this year, $50 million is earmarked for planning to help communities develop their ideas.

Biden’s Transportation Department has already funded similar projects through other grant programs, including an effort to build a park over a freeway in downtown Atlanta and a pedestrian and bicycle “greenway” in St. Louis.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,426.37 1.11%
ethereum
Ethereum (ETH) $ 3,477.28 0.77%
tether
Tether (USDT) $ 0.999141 0.03%
xrp
XRP (XRP) $ 2.28 0.90%
bnb
BNB (BNB) $ 706.23 1.87%
solana
Solana (SOL) $ 197.79 1.83%
dogecoin
Dogecoin (DOGE) $ 0.331238 0.20%
usd-coin
USDC (USDC) $ 0.999353 0.12%
staked-ether
Lido Staked Ether (STETH) $ 3,473.81 0.65%
cardano
Cardano (ADA) $ 0.914124 2.06%
tron
TRON (TRX) $ 0.256786 0.01%
avalanche-2
Avalanche (AVAX) $ 40.51 0.54%
chainlink
Chainlink (LINK) $ 24.63 0.24%
the-open-network
Toncoin (TON) $ 6.01 4.99%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,128.84 1.01%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 0.41%
sui
Sui (SUI) $ 4.49 3.03%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,221.32 1.29%
hedera-hashgraph
Hedera (HBAR) $ 0.311039 4.20%
stellar
Stellar (XLM) $ 0.384766 0.79%
polkadot
Polkadot (DOT) $ 7.49 0.18%
weth
WETH (WETH) $ 3,479.72 0.91%
hyperliquid
Hyperliquid (HYPE) $ 27.12 7.68%
bitcoin-cash
Bitcoin Cash (BCH) $ 463.27 1.95%
leo-token
LEO Token (LEO) $ 9.53 0.95%
uniswap
Uniswap (UNI) $ 13.92 3.17%
litecoin
Litecoin (LTC) $ 108.94 0.36%
bitget-token
Bitget Token (BGB) $ 5.69 13.81%
pepe
Pepe (PEPE) $ 0.000019 1.22%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,675.79 1.00%
near
NEAR Protocol (NEAR) $ 5.50 1.59%
ethena-usde
Ethena USDe (USDE) $ 0.998828 0.15%
aave
Aave (AAVE) $ 371.40 1.06%
internet-computer
Internet Computer (ICP) $ 11.28 1.50%
aptos
Aptos (APT) $ 9.70 0.08%
usds
USDS (USDS) $ 1.00 0.10%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.516968 0.35%
crypto-com-chain
Cronos (CRO) $ 0.159457 3.40%
vechain
VeChain (VET) $ 0.051966 0.09%
mantle
Mantle (MNT) $ 1.24 0.87%
ethereum-classic
Ethereum Classic (ETC) $ 27.40 1.77%
render-token
Render (RENDER) $ 7.57 3.82%
bittensor
Bittensor (TAO) $ 513.46 2.96%
mantra-dao
MANTRA (OM) $ 3.81 0.00%
whitebit
WhiteBIT Coin (WBT) $ 24.88 1.17%
monero
Monero (XMR) $ 194.18 1.79%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36 2.13%
dai
Dai (DAI) $ 0.999932 0.10%
arbitrum
Arbitrum (ARB) $ 0.801978 2.10%
filecoin
Filecoin (FIL) $ 5.31 1.30%