The $1 trillion infrastructure bill passed by a wide margin in the U.S. Senate this week includes impact for the high-tech economy, from broadband to electric vehicles and transportation. Here’s a breakdown as provided by CNN:
The bill would provide a $65 billion investment in improving the nation’s broadband infrastructure, according to the bill text.
Biden initially wanted to invest $100 billion in broadband.
It also aims to help lower the price households pay for internet service by requiring federal funding recipients to offer a low-cost affordable plan, by creating price transparency and by boosting competition in areas where existing providers aren’t providing adequate service. It would also create a permanent federal program to help more low-income households access the internet, according to the White House fact sheet.
The bill would provide $7.5 billion for zero- and low-emission buses and ferries, aiming to deliver thousands of electric school buses to districts across the country, according to the White House.
Another $7.5 billion would go to building a nationwide network of plug-in electric vehicle chargers, according to the bill text.
Upgrading airports, ports and waterways
The deal would invest $17 billion in port infrastructure and $25 billion in airports to address repair and maintenance backlogs, reduce congestion and emissions near ports and airports and promote electrification and other low-carbon technologies, according to the White House.
It is similar to the funding in the bipartisan deal and Biden’s original proposal.
Money for transit and rail
The package would provide $39 billion to modernize public transit, according to the bill text. That’s less than the $49 billion contained in the earlier bipartisan deal and the $85 billion that Biden initially wanted to invest in modernizing transit systems and help them expand to meet rider demand.
The funds would repair and upgrade existing infrastructure, make stations accessible to all users, bring transit service to new communities and modernize rail and bus fleets, including replacing thousands of vehicles with zero-emission models, according to the White House.
The deal would also invest $66 billion in passenger and freight rail, according to the bill text. The funds would eliminate Amtrak’s maintenance backlog, modernize the Northeast Corridor line and bring rail service to areas outside the northeast and mid-Atlantic regions, according to the White House. Included in the package is $12 billion in partnership grants for intercity rail service, including high-speed rail.
The funding is the same as in bipartisan framework but less than the $80 billion Biden originally wanted to send to Amtrak, which he relied upon for decades to get home to Delaware from Washington, DC.
It would be the largest federal investment in public transit in history and in passenger rail since the creation of Amtrak 50 years ago, according to the White House.