- landmark $1 trillion infrastructure bill improves freight policy; builds on CAGTC’s long-held principles
- the IIJA begins to make up for years of underinvestment and to address growing freight system demands
CAGTC, The Coalition for America’s Gateways and Trade Corridors, congratulates the U.S. Senate for passing the Infrastructure Investment and Jobs Act (IIJA), a historic $1 trillion bill says an article on Ajot.
$1 trillion bill passed
The Coalition for America’s Gateways and Trade Corridors (CAGTC) congratulates the U.S. Senate for passing today the Infrastructure Investment and Jobs Act (IIJA), a historic $1 trillion bill, $567.4 billion of which is dedicated to improving our nation’s transportation systems.
To address freight system needs
Senate passes a $1 trillion bipartisan infrastructure bill. Up to $77.9 billion of that funding is available to address varying freight system needs across the United States. Of note, IIJA’s funding for freight formula and Infrastructure for Rebuilding America (INFRA) programs is 40 percent above the 2015 FAST Act levels.
Freight transport to increase
The IIJA begins to make up for years of underinvestment and to address growing freight system demands. The upper chamber’s efforts are occurring at a critical time, given that freight transport is projected to increase 2.6-fold by 2050. If passed into law, the investments provided by the IIJA are projected to add approximately two million jobs annually to the U.S. economy.
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Source: Ajot
