– Infrastructure Act – 

Buttigieg: Total Is Record Sum for Single Year

The U.S. Dept. of Transportation continues to release more Infrastructure Investment and Jobs Act funding, with the latest action being the allocation by DOT’s Federal Transit Administration of $20.2 billion in funds distributed to the states by formula.

The new apportionment, which DOT announced on April 6, reflects the full amount of formula transit aid that the IIJA authorized for fiscal year 2022, the act’s first year.

The IIJA became law last Nov. 15, but the lack of a full-year 2022 appropriations measure barred the FTA from tapping all of the transit funds that the infrastructure act provided.

In February, FTA did apportion $4.7 billion from the IIJA but that was far short of the legislation’s total for 2022.

In a media briefing, Mitch Landrieu, the White House’s infrastructure coordinator, called the apportionments “a historic sum of annual funding for transit systems that will have an extraordinary impact on our daily lives.”

Landrieu, a former New Orleans mayor, said, “This investment is going to enable transit agencies to modernize and expand services from residents in communities large and small.”

DOT Secretary Pete Buttigieg said that the $20 billion is a 58% increase over the 2021 level and “also represents the largest transit funding allocation in American history.”

The enactment on March 15 of a $1.5-trillion omnibus spending package cleared the way for the release of the full IIJA amount for transit.

New York ranks first among the states in the new transit funding allotment, with about $2.2 billion.

California is second, with about $2 billion, followed by Illinois, with $854 million, New Jersey, with $835 million and Texas, with $647 million.

Pennsylvania ranks sixth, with $618 million; Massachusetts is next, with $537 million, followed by Florida, at $531 million, Washington, with $370 million and Maryland, No. 10, with $348 million.

Source: ENR (Engineering News-Record)

 

Related News Articles

View all

2 March 2024

Resorts World Announces $5bn Expansion Proposal In New York

Resorts World Announces $5bn Expansion Proposal In New York

Resorts World Announces $5bn Expansion Proposal Summary: Resorts World Casino has a $5bn budget. The Aqueduct Race Track casino hopes to bring 10,000 jobs to the area. A gaming license...

Read full article

10 January 2023

What does it mean to be a Project Executive in Construction?

What does it mean to be a Project Executive in Construction?

Here are a few tips that can help Project Executives excel on a construction site: Communicate effectively: Effective communication is essential for the success of any construction project....

Read full article