The US $ 1 trillion infrastructure bill, explained

Nick Ottens (Sentinel of the Atlantic) | The US Senate is expected to pass a $ 1,000 billion infrastructure bill this week with funding for everything from high-speed internet to road safety.

The bill, which would have the support of enough Republicans to overcome an obstruction of forty senators, falls short of the $ 2 trillion President Joe Biden had proposed to spend on (green) infrastructure over four years.

The compromise bill provides for $ 550 billion in new spending. The rest is made up of existing infrastructure funds that are either diverted or renewed.

Unlike Biden’s $ 2 trillion proposal, which was reportedly funded by corporate tax increases, the compromise version pulls money from a variety of sources, including about $ 200 billion remaining from corporate tax programs. COVID-19 help.

What’s in the invoice

  • 110 billion dollars for bridges and roads.
  • $ 66 billion for the rail.
  • $ 65 billion to provide broadband Internet to all Americans.
  • $ 55 billion modernize the hydraulic infrastructure, including the replacement of all lead pipes.
  • 46 billion dollars to mitigate damage from droughts, floods and forest fires.
  • $ 42 billion for airports and seaports.
  • $ 39 billion for public transport.
  • $ 28 billion to modernize electricity networks, including $ 3 billion for smart grids.

This could create some 26,000 jobs.

  • $ 21 billion for environmental restoration, including cleaning up abandoned mines, brownfields and orphaned gas wells.

Money for gas wells should be enough to clean up almost 250,000 wells and create 10,000 jobs.

  • $ 11 billion for road safety.
  • 8 billion dollars in investment tax credits for clean energy manufacturers.

This could create a 36,000 jobs.

  • $ 7.5 billion build 500,000 electric vehicle chargers across the country by 2030.
  • $ 7.5 billion to electrify buses and ferries.
  • $ 1 billion to reconnect neighborhoods separated by highways.

Why is it necessary

America’s infrastructure is neither great nor terrible. The World Economic Forum ranks thirteenth in the world, after France, Germany and Japan. Most European countries spend around 5% of their GDP on infrastructure; the United States 2.3 percent. The American Society of Civil Engineers gives the country’s infrastructure a C- overall.

  • 20 percent of public roads are in poor condition and 23 percent are classified as poor, costing motorists $ 130 billion per year in higher vehicle operating and repair costs.
  • Of the 617,000 bridges in America, 46,000 (7.5%) are structurally deficient, up from 125,000 in 1992.
  • Rail passenger transport in the United States is constantly in deficit, but this has more to do with non-financial factors, such as long distances making trains less competitive with planes and America putting more freight on rail than Europe, which transports more goods by river boat and truck.
  • 77% of Americans say they have broadband, but the average internet speed in 65% of counties does not meet the federal government‘s definition of broadband. One in five school-aged children do not have high-speed Internet access.
  • A water pipe breaks every two minutes in America, wasting 6 billion gallons of water every day. But it was worse: overall water consumption has declined in recent years despite population growth. 15 to 22 million Americans continue to cook and drink tap water that enters their homes through toxic lead pipes.
  • More extreme weather events will put additional pressure on infrastructure. By 2040, an additional $ 19 billion is expected to be needed just to repair pavements.
  • Transportation electrification will put more strain on America’s decentralized and aging power grid. Most of the 2.7 million miles of power lines in the United States are above ground, where they are vulnerable to extreme weather conditions. In February, 4.5 million homes and businesses in Texas lost power in a blizzard.
  • 40,000 Americans were killed in traffic in 2018, or fourteen per 100,000 motor vehicles. This puts the United States behind Canada, Japan, South Korea and almost all European countries in terms of road safety, but ahead of the rest of the world.

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