The plan was previously approved by the House of Representatives of the U.S. Congress.
U.S. President Joe Biden signed a bill on Monday providing for investments of more than $ 1 trillion in the development of the country’s infrastructure. The broadcast was conducted on the White House website.
Earlier this month, this plan was approved by the House of Representatives of the U.S. Congress. The Senate approved the initiative in August.
As Biden stressed before signing the document, the approval of the bill testified to “the ability of Democrats and Republicans to act together and achieve success.” “This law assumes the most significant investments in roads and bridges over the past 70 years, it assumes the most significant investments in passenger rail transport over the past 50 years,” the President noted.
Biden explained that the United States had previously begun to lose its competitive advantage due to reduced allocations to infrastructure. “China and other countries are catching up with us,” he warned. According to the president, the American infrastructure is no longer considered the best in the world. “This will change,” he assured. As U.S. Vice President Kamala Harris stressed, the implementation of this plan will “make the country more competitive” and help counteract climate change.
The total amount of planned expenditures for the development of U.S. infrastructure is $1.2 trillion. The plan also provides for the allocation of $110 billion for the construction of bridges and roads and $11 billion for transport security programs. Another $39 billion is planned to be spent on the modernization of public transport, $ 42 billion – on the development of the infrastructure of ports and air harbors. $55 billion will go to the drinking water system, $65 billion is included in the program to provide the population with high-speed Internet, another $73 billion is planned to be invested in the transportation of environmentally friendly energy.