NEWS.png
  • Condensed by Lynda Kiernan-Stone

President Biden, Senators Reach Infrastructure Deal

President Biden has reached an infrastructure deal with Senators that will boost spending by about $72 billion per year on water infrastructure, bridges, roads, broadband expansion, and strengthening production of clean energy.


Biden originally proposed a $2.2 trillion infrastructure deal to be carried out over the span of eight years. But the final plan lists about $973 billion in spending over five years, and $1.2 trillion in total infrastructure spending over eight years, including new infrastructure funding of $579 billion.

This new spending would include:

  • $109 billion for roads, bridges, and major projects

  • $66 billion in freight and passenger rail projects

  • $49 billion in public transit

  • $25 billion for airports

More importantly for agriculture, the agreement sets $16 billion in additional funding for various waterway projects, including port upgrades. An additional $5 billion funding will be allocated for Western water storage expansion, as the region is again in the midst of serious drought.


More on this story


Never Stop-Woman - 200x165.jpg
SSGA square ad.png
200X165 UA NEWS AD (1).png

CONTRIBUTE

Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News,

to submit a story for consideration:

lkiernan-stone@highquestgroup.com

Never Stop-Woman - 468x60.jpg