Today it doesn’t matter where you live, roads, the transportation infrastructure needs attention, pots of attention. Granted, some areas are worse than others and we have all been waiting for the passage of a new “Highway Bill.” A bill has been passed and has made it through the House and the Senate and to the President’s desk for signature and passage into law and finally spendable dollars that ultimately translate into materials, jobs and a repaired and improved transportation infrastructure.
What can we expect? To answer that question, we will look at the American Road & Transportation Builders Association’s (ARTBA) analysis of the bill that will have an historic impact on transportation spending.
The first installment of the Infrastructure Investment and Jobs Act (IIJA) will not only meet the landmark federal infrastructure law’s transportation investments, but the measure, which is on track for enactment by March 15, will add $4.3 billion to its record levels. Congressional appropriators March 9 released the details of the bipartisan agreement that will now work its way through the House and Senate. Here is the breakdown:
The FY 2022 package meets the IIJA slated highway investment increase from $48.4 billion in FY 2021 to $66.9 billion AND provides an additional $2.5 billion. Of that $2.5 billion, $847 million would be reserved for congressionally-designated earmarks. Congress halted the practice of earmarks in spending bills 12 years ago. The cumulative one-year highway investment increase is $21 billion, or 43 percent.
Public transportation programs will also see a major boost from the final FY 2022 funding package that includes an additional $504 million above what was called for in the IIJA. The Capital Investment Grant Program which supports transit construction activities will grow from $2.1 billion in FY 2021 to $3.9 billion, or 86 percent.
The federal airport construction program is a frequently overlooked major winner under the IIJA. The FY 2022 funding provides $554 million in supplemental Airport Improvement Program, noise abatement and earmark funds. As a result, the measure will provide $8.9 billion for airport capital improvements —a 137 percent increase. The bill would add $775 million to the $3.8 billion directed by the IIJA for multi-modal transportation grants, compared to $1 billion in FY 2021.
All federal spending programs have operated under a series of stop-gap measures since FY 2022 began Oct. 1, 2021—the current extension expires March 11. Congress and President Joe Joe Biden will likely need one more interim measure through March 15 to enact the package released March 9.
For more information on the bill visit artba.org
This material appears in the April 2022 issues of the ACP Magazines:
California Builder & Engineer, Construction, Construction Digest, Construction News, Constructioneer, Dixie Contractor, Michigan Contractor & Builder, Midwest Contractor, New England Construction, Pacific Builder & Engineer, Rocky Mountain Construction, Texas Contractor, Western Builder