Biden’s Infrastructure Plan: Everything You Need to Know
When U.S. President Joe Biden announced his plan to invest $1 trillion to revitalise infrastructure in the U.S. the news was welcomed by the megaproject industry, raising hopes of renewing a great deal of America’s infrastructure which many commentators had noted was “crumbling”. In August 2021, the bill passed the U.S. Senate with bipartisan support.
Today, we are giving you all the fast facts you need in order to understand what this investment means for the industry and what the future looks like for U.S. infrastructure.
Here is what we know so far:
Roads, bridges and major projects
To repair and rebuild roads and bridges with a heavy focus on climate-resilience
To reduce crashes and fatalities, especially for cyclists and pedestrians - the U.S. has one of the highest road traffic casualty rates in the industrialised world
To replace thousands of transit vehicles and replace them with zero-emission vehicles, aiming to modernise transit and improve accessibility
Passenger and freight rail
To tackle the Amtrak maintenance backlog and bring world-class transit to areas beyond the northeast and mid-Atlantic
To build a national network of electric vehicle chargers along highway corridors
Zero emission buses, low emission buses and ferries
To drive demand for U.S.-made batteries and vehicles and reduce pollution levels
Airports, ports and waterways
To support U.S. competitiveness by expediting commerce through modernising infrastructure
Resilience and Western Water Infrastructure
Clean drinking water
To replace all of the nation’s lead pipes and service lines across the country
To ensure that every American has access to reliable high-speed internet by deploying broadband infrastructure
To clean up superfund and brownfield sites, reclaim abandoned mine land and cap orphaned gas wells
To modernise America’s electric grid by building thousands of miles of resilient transmission lines and expand renewable energy sources
While the impact of the bill is yet to be seen, this is a significant event for our industry. Debates are set to continue between Democrats and Repbulicans over “hard” vs “human” infrastructure. As the U.S. government zeros in on revitalising the nation’s infrastructure, project companies must ensure they are equipped to deliver these mammoth projects on time, on budget and with fully realised benefits.
Business Writer at Foresight Works