List Your Equipment For Free  /  Seller Login

Infrastructure Law Turns Two; Impacts Increasingly Felt Across America

Thu November 16, 2023 - National Edition #25
ARTBA


States have committed federal funds to support more than 56,000 eligible transportation improvements in all 50 states during the last two years, spanning nearly every U.S. county, according to a review of the latest available federal data conducted by the American Road & Transportation Builders Association (ARTBA).

President Joe Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law Nov. 15, 2021. To mark the anniversary, ARTBA released the following data points to help highlight the scope and impacts of the law across the country:

  • Nearly $100 billion in new project commitments.
  • 168 projects receiving over $100 million in federal support.
  • 96 percent of counties have at least one project.
  • State Departments of Transportation (DOT) are increasing capital spending by 13 percent.
  • Nearly $8 billion in road and bridge-related discretionary grant improvements announced by U.S. DOT.
  • The value of state and local highway and bridge contracts awards was up a record-level 26 percent in 2022.
  • In 2023, the value of awards is up in 35 states compared to 2022, increasing a total of 12 percent.
  • Average highway construction employment in 2023 is up 8 percent.
  • 24 percent of funds spent on new construction or added capacity.



Today's top stories

Louisville Pump Station Receives $230M Update

Amtrak Secures $112M in Federal Funds to Upgrade 13 Projects in Northeast Corridor

Hitachi Construction Machinery Wins Silver in 2024 Anthem Award

Turner Construction Leads $675M Concourse Project

Bobcat Celebrates Season of Giving With Volunteerism, Hurricane Relief, Philanthropic Support

Thompson Tractor Hosts Caterpillar Demo in Oxford, Alabama

Rokbak Haul Track Telematics Boost Uptime With Proactive Maintenance

RIDOT Officials Mark Completion of Key $8.9M Road Resurfacing in Middletown, R.I.


 







\\ \\ \\