US House passes infrastructure bill
Date: 10 November 2021 Tags: MiscellaneousIssue
The US House has approved an infrastructure bill to rebuild roads and bridges, modernize public works systems among many other things.
Background
The bill allocated $1 trillion funding and is now going to President Joe Biden for his signature.
Details
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The bill aims to virtually reach every corner of the country. It has been compared to the historic investment made in the transcontinental railroad and Interstate Highway System.
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Estimates made by the White house states that the investments could add about 2 million jobs per year over the coming decade.
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The bill has been approved amidst demands made by liberal democrats to link it to $1.75 trillion social spending bill for getting support of moderate democrats.
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Among the opposition, thirteen Republicans voted in favour of the bill. This allowed democrats to pass the half way mark despite several defections from their side.
Components of the plan
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The bill will fund $110 billion for repairing the nation’s aging highways, bridges and roads. About $40 billion is exclusively allocated for repairing and constructing bridges.
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The bill has allocated $39 billion for improving public transport and making them friendlier for disabled people. It will be used for buying zero-emission and low-emission buses.
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The bill will fund $66 billion to improve the rail service’s 457-mile-long Northeast Corridor as well as other important routes.
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Electric vehicle charging stations will be set up using $7.5 billion. This will help in reducing carbon emissions and also pollution.
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Internet service will be improved for rural areas, low-income families and tribal communities by allocating $65 billion for broadband access.
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The nation’s power grid will be made more resilient by spending $65 billion in modification and improvement.
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Airport infrastructure such as runways, taxiways, terminals, gates etc would be improved by spending $25 billion.
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To improve drinking water and waste water infrastructure, $55 billion will be allocated. This will enhance the safety of the nation’s drinking water.