House lawmakers released a 19-page proposal to invest $760B over five years in the country’s transit, roads, airports, broadband internet networks and other infrastructure, Nextgov reported Thursday.
“This framework is an opportunity to get our existing infrastructure working again and fund new transformative projects that will create an estimated 10 million jobs, while reducing carbon pollution, dramatically improving safety, and spurring economic activity,” according to the document.
The proposal would earmark $434B for transit and highway programs; $55B for rail transportation; $30B for airport and airway infrastructure; $19.7B for harbor maintenance trust fund; $10B for water resources investments; $50.5B for clean water; $2.7B for brownfields restoration and reinvestment; and $98B for broadband networks and public safety communications investments.
Lawmakers suggested revamping current “formula” programs to prioritize investments, improvements and maintenance of existing infrastructure. The framework also seeks to provide metropolitan planning organizations additional authority when it comes to administering federal funds.
