Law on investment in infrastructure and employment gives optimism to the transport industry | Schwabe, Williamson and Wyatt PC

Those of you who work in transportation, ports, and the marine industry have a lot to look forward to as the roads, railways, ports, and other transportation infrastructure of the United States should see improvements now that Congress. passed the $ 1.2 trillion infrastructure investment and jobs act, HR 3684. President Biden is expected to sign the bill today, releasing $ 550 billion in new credit that will reach almost every aspect of our transportation system over the next five years, including roads, bridges, railways, mass transit, ports, airports, and waterways, as well as the infrastructure to broadband and energetic.

What HR 368 means for transport, ports and the maritime industry

Ports

Over $ 17 billion in new spending will fund waterway and coastal infrastructure, inland waterway improvements, port infrastructure and land ports of entry through the Army Corps, DOT, Coast Guard, GSA and DHS. The funding includes $ 5.15 billion for projects previously authorized and not yet funded. Additional funds are specifically earmarked for shipping, inland waterways, restoration of aquatic ecosystems, environmental infrastructure, shoreline protection, and remote and livelihood port projects of particular interest in Alaska.

The Department of Transportation’s Port Infrastructure Development Program and Marine Routes Program will receive $ 455 million per year for five years. This will fuel substantial improvements to port facilities on America’s coasts and rivers.

Airports to receive $ 25 billion for an airport improvement program to fund subsidies for runways, gates and taxiways, as well as improvements to terminals, concessions, multimodal connections and traffic control air.

According to a White House summary, the resulting modern, resilient and sustainable port, airport and freight infrastructure will support U.S. competitiveness by removing bottlenecks, accelerating trade and reducing environmental impacts on neighboring communities.

Roads and transport

According to the White House, “one in five miles, or 173,000 miles in total, of our highways and main roads and 45,000 bridges are in poor condition.” The bill allocates $ 110 billion for roads, bridges and related projects to alleviate this problem. About $ 36 billion will be spent on repairing and replacing bridges. Another $ 11 billion will fund transportation safety programs. Congress also authorized a $ 7.5 billion boost to the grant program that supports surface transportation projects.

Rail

The bill provides $ 66 billion in new spending to meet the infrastructure needs of the U.S. rail network, which carries more than 1.8 billion tonnes of freight and more than 32.5 million passengers each year. It includes $ 4.75 billion for the maintenance, replacement and repair of public transport buses and railways. A portion of this money will fund Amtrak’s national network, expand intercity passenger rail service, and increase funding for freight rail transportation and level crossing safety. A capital grant program will invest $ 8 billion in new and expanded commuter, light rail, bus and ferry services.

Alaska

Members of the Alaska Congressional delegation, who voted unanimously in favor of the law, say the bill provides $ 3.5 billion in federal funding for Alaska’s five highways. years, and $ 225 million to repair more than 140 Alaskan bridges deemed “structurally deficient.” The funding can also help improve part of the Alaska Highway in Canada between the Alaska border and Haines Junction, and the Haines Cutoff. The Alaska Department of Transportation and Public Facilities estimates the bill could increase its funding by 50% over five years. Money is also earmarked for improvements to Anchorage Airport and beyond. Alaska ports will receive $ 250 million for the construction of isolated and subsistence ports and a portion of $ 2.25 billion for the port infrastructure development program.

Aaron Klein, infrastructure expert at the Brookings Institution, said: “If implemented successfully, [the bill] can change the long-term fabric of the American economy and society.

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