zaterdag 6 november 2021

$1 Trillion Infrastructure Bill Passed

The $1 trillion infrastructure bill just passed. This will benefit commodities like copper.

—$40b bridges
—$70b roads
—$11b safety
—$39b transit
—$66b Amtrak/rail
—$7.5b e-vehicle chargers
—$5b clean buses
—$17b ports
—$25b airports
—$50b water resilience
—$55b drinking water
—$65b broadband
—$65b electric grid
—$21b enviro remediation
—$73b power/clean energy

Roads and bridges: Headlining the 2,702-page bill's spending, roughly $110 billion of new funds would go toward improving the nation's roads and bridges, and investments in other major transportation programs.

Public transit: The package also includes the largest-ever federal investment in public transit, allotting $39 billion to modernize systems, improve access for the elderly and people with disabilities, and repair more than 24,000 buses, 5,000 rail cars and thousands of miles of train tracks.

Amtrak: The legislation marks the largest investment in passenger rail since the creation of Amtrak 50 years ago, with $66 billion earmarked for high-speed rail, safety improvements, Amtrak grants and to modernize the rail route connecting Washington, D.C., to Boston.

Broadband internet: Tacking on to billions authorized by last year's American Rescue Plan, the infrastructure bill includes $65 billion to bolster the country's broadband infrastructure and help ensure every American has access to high-speed internet, with one in four households expected to be eligible for a $30-per-month subsidy to pay for internet.

Electric grid: Though many clean-energy measures were cut from the bill to satisfy spending-weary lawmakers, a $65 billion investment will help upgrade the nation's electricity grid, with thousands of miles of new transmission lines and funds for environmentally friendly smart-grid technology.

Electric cars, buses and ferries: In addition to $7.5 billion for the nation's first network of electric-vehicle chargers along highway corridors, lawmakers have shored up $5 billion for zero-emission buses (including thousands of electric school buses) and $2.5 billion for ferries.

Clean drinking water: Following high-profile water-supply crises plaguing cities like Flint, Michigan, the legislation includes a provision for $55 billion to replace all the nation's lead pipes and service lines, representing the largest investment in clean drinking water ever.

Great rivers and lakes: Among the bill's $48 billion for water infrastructure improvements, about $1 billion is slated to go toward the Great Lakes Restoration Initiative, a sweeping clean-up measure targeting toxic hot spots—or areas of heavy industrial pollution—around the Great Lakes region.

Airports: More than $25 billion has been allocated to help modernize America's airports—funds the Airports Council International says will help tackle more than $115 billion worth of project backlogs.

Road safety: The deal invests $11 billion in transportation safety programs, including a new program to help states and localities reduce crashes and fatalities in their communities, particularly among cyclists and pedestrians.

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