- The Federal Highway Administration on Tuesday announced that it released $59.9 billion to 12 programs to help address the nation’s crumbling infrastructure, according to an agency press release. The funding comes from the $1.2 trillion Infrastructure Investment and Jobs Act.
- The infrastructure law, signed last year by President Joe Biden, provides $550 billion over the next five years to support critical infrastructure efforts like revamping roads and bridges, carbon emission reduction and safety improvements.
- The FHWA’s nearly $60 billion allocation, to be split among all 50 states plus Washington, D.C., and Puerto Rico, is a $15 billion increase over 2021. The newly released funds are formula grants, which means the money flows to recipients based on formulas set by Congress.
The Biden administration has focused not only on traditional infrastructure, but also items like broadband internet and climate resilience measures. In addition to supporting long-standing programs like the Bridge Formula Program, three new ones will also be funded next year, according to Tuesday’s announcement:
- The Carbon Reduction Program aims to boost projects designed to reduce transportation emissions, such as public transit, bikeways and walkways.
- The Promoting Resilient Operations for Transformative, Efficient and Cost-Saving Transportation Formula Program aims to help make surface transportation more resilient to extreme weather and other natural hazards.
- The National Electric Vehicle Infrastructure Formula Program aims to create a reliable national network of EV chargers.
The allocation of funding by state and program can be viewed at the FHWA’s infrastructure act funding web page, organized by fiscal year.