Economic news

White House says $110 billion in infrastructure funds released in first 6 months

2022.05.16 12:07

White House says $110 billion in infrastructure funds released in first 6 months
FILE PHOTO: Workers prepare a cabling trench at a construction site at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., March 30, 2022. Picture taken March 30, 2022. REUTERS/Chris Helgren/File Photo

By David Shepardson

WASHINGTON (Reuters) – The White House on Monday said it has released $110 billion in funding from the $1 trillion infrastructure package that seeks to fix crumbling roads, expand broadband internet and improve the electrical grid.

Monday marks the six-month anniversary of President Joe Biden’s signing of bipartisan infrastructure legislation. It coincides with the 2022 “Infrastructure Week” that opens Monday https://unitedforinfrastructure.org. Biden’s Republican predecessor Donald Trump touted “Infrastructure week” in 2018, but was unable to pass a bill.

“We’re hitting the ground running on the projects that are shovel-ready,” White House Infrastructure Implementation Coordinator Mitch Landrieu told reporters.

Landrieu said the administration has “pushed $110 billion out of the doors to the states” and made another $100 billion available in opportunities to fund infrastructure projects.

The $110 billion includes funding for over 4,300 specific projects. A couple thousand of those are airport allocations, the White House said.

Landrieu acknowledged some bigger projects will take longer: “Some of them – like major tunnels, major thruways, a lot of the rail projects are going to take a little bit more time … This is going to be Infrastructure Decade.”

The infrastructure bill includes $110 billion for roads, bridges and major projects; $65 billion to expand broadband access and affordability; $66 billion for rail; $55 billion for water infrastructure; $25 billion for airports; $39.2 billion in new transit spending; and $5 billion for electric vehicle charging stations.

On Monday, the Transportation Department opened for applications $1 billion in 2022 grant funding for communities to help address mounting U.S. traffic deaths.

Communities can apply to use “Safe Streets” funds to add roadway safety features like “centerline and shoulder rumble strips” or “traffic calming road design changes … and making strategic use of speed safety cameras,” the Transportation Department said Monday in a briefing document.

The National Highway Traffic Safety Administration (NHTSA) said in February U.S. traffic deaths rose 12% in the first nine months of 2021 to 31,720 – the highest number killed on American roads in that period since 2006. NHTSA plans to release full-year preliminary 2021 data this week.

“We face a national crisis of fatalities and serious injuries on our roadways, and these tragedies are preventable – so as a nation we must work urgently and collaboratively to save lives,” said Transportation Secretary Pete Buttigieg.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 85,242.84 1.92%
ethereum
Ethereum (ETH) $ 2,198.83 0.52%
tether
Tether (USDT) $ 0.999735 0.03%
xrp
XRP (XRP) $ 2.14 0.69%
bnb
BNB (BNB) $ 607.30 3.54%
solana
Solana (SOL) $ 140.19 2.96%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.202398 2.08%
cardano
Cardano (ADA) $ 0.633986 1.06%
staked-ether
Lido Staked Ether (STETH) $ 2,199.72 0.49%
tron
TRON (TRX) $ 0.230796 0.47%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,035.78 1.68%
hedera-hashgraph
Hedera (HBAR) $ 0.234804 13.08%
litecoin
Litecoin (LTC) $ 124.63 0.08%
chainlink
Chainlink (LINK) $ 14.64 0.56%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,622.60 1.27%
stellar
Stellar (XLM) $ 0.29881 5.92%
leo-token
LEO Token (LEO) $ 9.74 5.29%
sui
Sui (SUI) $ 2.81 0.61%
avalanche-2
Avalanche (AVAX) $ 21.44 1.90%
the-open-network
Toncoin (TON) $ 3.26 1.83%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.43%
usds
USDS (USDS) $ 1.00 0.06%
mantra-dao
MANTRA (OM) $ 7.43 0.67%
polkadot
Polkadot (DOT) $ 4.59 1.84%
hyperliquid
Hyperliquid (HYPE) $ 18.97 1.52%
weth
WETH (WETH) $ 2,198.09 0.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 309.64 0.17%
ethena-usde
Ethena USDe (USDE) $ 0.998709 0.03%
bitget-token
Bitget Token (BGB) $ 4.04 2.16%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,331.84 0.52%
uniswap
Uniswap (UNI) $ 7.40 0.04%
monero
Monero (XMR) $ 217.39 3.46%
whitebit
WhiteBIT Coin (WBT) $ 26.42 0.11%
near
NEAR Protocol (NEAR) $ 3.20 5.50%
aptos
Aptos (APT) $ 6.37 0.10%
dai
Dai (DAI) $ 1.00 0.02%
pepe
Pepe (PEPE) $ 0.000007 5.75%
ondo-finance
Ondo (ONDO) $ 0.995746 1.04%
internet-computer
Internet Computer (ICP) $ 6.42 0.79%
susds
sUSDS (SUSDS) $ 1.04 0.04%
aave
Aave (AAVE) $ 190.71 1.35%
ethereum-classic
Ethereum Classic (ETC) $ 18.93 1.33%
bittensor
Bittensor (TAO) $ 330.99 1.08%
okb
OKB (OKB) $ 45.10 0.80%
gatechain-token
Gate (GT) $ 20.71 0.12%
official-trump
Official Trump (TRUMP) $ 12.99 1.56%
mantle
Mantle (MNT) $ 0.746743 3.38%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,272.85 1.95%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.272227 1.34%