YOU 'take a look' Did you really think infrastructure spending was not going to extend into a succeeding administration? The funding is now under Trump. Good f'cking luck. THE point remains a Bill was passed and there were no bogus 'infrastructure weeks' under Biden.
The Infrastructure Investment and Jobs Act (IIJA) or Bipartisan Infrastructure Law (BIL) , signed into law in November 2021, set forth a multi-year investment plan for various infrastructure sectors.
Here's an overview of the intended rollout schedule:
Five-Year Funding Plan: The IIJA allocates roughly $1 trillion for infrastructure investment over a five-year period, from Fiscal Year (FY) 2022 through FY 2026. A significant portion, $550 billion, is designated for new investments and programs.
Surface Transportation Reauthorization: The law reauthorizes the core federal surface transportation program, which sets funding levels and policy direction for the next five years. The authorization for the main federal-aid highway programs is set at $52.5 billion in FY 2022, increasing by 2% annually to reach $56.8 billion in FY 2026, totaling $273.2 billion over five years. T
Annual Appropriations: Funds for most programs are disbursed through annual appropriations.
Formula and Competitive Grants: Funding is distributed through a combination of formula grants to states and territories, and competitive grants for specific projects and initiatives.
Initial Rollout (FY 2022): The initial implementation phase saw various departments and agencies releasing guidance documents and opening application processes for funding programs.
Examples include the establishment of the Joint Office of Energy and Transportation for the EV charging program (December 2021), release of guidance for the Safe Streets program (April 2022), the opening of applications for the Clean School Bus program (May 2022), and awards for orphaned oil and gas well cleanup (August 2022).
Subsequent Years (FY 2023-2026): The rollout continues with subsequent rounds of formula funding and the opening of applications for competitive grants.
For example, the Broadband Equity, Access, and Deployment (BEAD) program, with $42.5 billion in funding, is being dispersed in three phases, allowing states to access initial planning funds and then additional funds upon approval of their broadband plans.
Important Considerations: Long-Term Investments: Many programs funded by the IIJA represent long-term investments that will take time to translate into completed construction projects.
Permitting and Implementation: The process of moving funds from federal to state and local governments and then initiating construction projects is complex and time-consuming.
Flexibility and Priorities: The administration emphasizes the need for states to prioritize projects that repair existing infrastructure and focus on climate change mitigation, resilience, equity, and safety.
In summary, the intended rollout of the Infrastructure Bill involves a multi-year plan with annual funding cycles, a combination of formula and competitive grants, and a phased approach to program implementation across various infrastructure sectors.
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