Most jurisdictions are at the point where they have identified projects for the federal money and are going out into the market, trying to hire contractors and get shovels in the ground. In June, the White House reported that $110 billion has been released and work has started on more than 4,000 projects. What is the status of work planned under the infrastructure program? Are we seeing shovels in the ground? In this Q&A, Marlowe discusses how COVID-19 and inflation have impacted infrastructure, as well as attempts to stretch the definition of what is considered infrastructure. In addition, he works as an expert witness and consultant to public, private and nonprofit organizations around the world. He is editor in chief of Public Budgeting & Finance, and is the author of four books and more than 100 articles, book chapters, technical reports and popular commentaries.
Those are merely a few of the bigger pieces in a dizzying assemblage of projects that University of Chicago scholar Justin Marlowe has been watching closely.Ī research professor and associate director of the Center for Municipal Finance at the Harris School of Public Policy, Marlowe is an expert in the world of public finance-particularly infrastructure finance. In addition, it calls for spending $55 billion to expand water access and clean drinking water, and $65 billion to improve broadband internet access, particularly in rural areas. The plan also allots $39 billion for public transit $25 billion for airport improvements and $17 billion for port infrastructure and waterways.
The $1.2 trillion Infrastructure Investment and Jobs Act-the largest infrastructure plan since President Dwight Eisenhower authorized the $25 billion Federal-Aid Highway Act of 1956-includes $110 billion to repair roads and bridges and support what the White House calls “major, transformational projects.” Last November, President Joe Biden ushered in a bipartisan agreement that launched the most comprehensive infrastructure plan that United States has seen in more than half a century.
0 kommentar(er)
