Show Me the Money: How the Infrastructure Investment and Jobs Act Will Benefit Public Projects
The Infrastructure Investment and Jobs Act, hailed by the White House as a “once-in-a-generation investment in our nation’s infrastructure and competitiveness,” became law on November 15, 2021. This new $1.2 trillion policy allocates $550 billion for federal investment in America's infrastructure over five years, covering everything from bridges and roads to the nation's broadband, water and energy systems.
On February 24, 2022, Artin Shaverdian, Shant Boyajian and Michael Stroud, along with special guest Fred Easton and the Right of Way Consultants Council (ROWCC) discussed the various components of and mechanisms for funding projects, including:
- How this funding compared to past infrastructure funding plans;
- How the bill will fund new infrastructure projects and repairs and maintenance to existing infrastructure;
- How funding will be allocated among different sectors such as transportation, energy and communications;
- The timetable, federal government oversight, limitations and restrictions for funding projects;
- How public agencies, rail operators, utilities and other stakeholders can best position themselves to secure funding; and
- The tangible impact of the new policy on the infrastructure industry.