The White House announced earlier that an agreement had been reached on an appropriate modernization program, which includes $550 billion in federal investments.
The infrastructure development plan, agreed by the White House and a bipartisan group of senators, passed a procedural vote in the upper house of the US Congress on Friday. According to the press service of the Senate, 66 lawmakers voted for the start of the debate on this initiative, 28 opposed it.
The White House announced earlier that an agreement had been reached on an appropriate modernization program, which includes $550 billion in federal investments. The total volume of the plan, designed for eight years, is about $1 trillion.
The project announced by the White House provides for the allocation of $ 110 billion for the construction of bridges and roads, $11 billion for transport security programs. Another $39 billion is planned to be spent on the modernization of public transport, $42 billion, to develop the infrastructure of ports and air harbors. $55 billion will go to the drinking water system, $65 billion is planned to be invested in the transportation of environmentally friendly energy to provide the population with high-speed Internet.
At the same time, the head of the US administration, Joe Biden, intends to seek the adoption of a separate plan of about $3.5 trillion, based on the previously announced program for the modernization of infrastructure and the development of the labor market in the United States. According to the president, implementing this plan would be the largest investment in jobs since the Second World War. The main component of the Democrat’s plan is the modernization of transport infrastructure. Biden proposes to cover the costs of implementing the plan by increasing taxes, including on corporate profits. Republicans criticized the president’s plan.