After months of negotiations, Congress approved the $1.2 trillion Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Framework (BIF). The legislation was signed into law on November 15, 2021 by President Biden and is aimed at modernizing the nation’s physical infrastructure. It marks one of the largest investments in U.S. infrastructure history.
What the Law Includes:
- $110 billion for roads, bridges, and other major projects;
- $66 billion in rail;
- $42 billion to upgrade airports and ports;
- $39 billion to expand public transit options in every state;
- $7.5 billion to build a network of 500,000 electric vehicle chargers along highway corridors;
- $55 billion to expand access to clean drinking water;
- $50 billion to make communities safer and more resilient;
- $65 billion for clean energy and power;
- $21 billion for environmental remediation;
- $65 billion for high-speed, affordable and reliable internet.
Timing for Implementation
Most of the resources and programs provided through the infrastructure package will be spread out over five years; it will deliver $550 billion of new federal investment into America’s infrastructure over that period of time. The Biden Administration plans to work with communities and stakeholders over the next few months to amplify ways the infrastructure package can impact each community, while identifying and advocating for transformative projects that can benefit from federal funding.
Opportunities for Cities
Cities will have opportunities to access these funds through formula funding, discretionary grants and entirely new innovative programs that will address equity and environmental justice. The new law will include dozens of competitive grant programs, many of them new, that will be competitively awarded to state and local governments.
Passport as a BIF Resource
Passport believes in helping cities create more livable, equitable communities and has built the only end-to-end digital mobility platform for managing parking, enforcement, permitting and mobility. There is an opportunity for cities to partner with Passport to leverage BIF funding in support of their equity and sustainability goals by leveraging the benefits of Passport’s platform.
More information about the Bipartisan Infrastructure Framework can be found at whitehouse.gov .
Please contact Passport and fill out the form below to learn more information on how we can help.
Passport is a transportation software and payments company that builds technology to more efficiently manage streets and sidewalks. Based in Charlotte, North Carolina, Passport is trusted by more than 800 cities, universities and agencies, including Chicago, Toronto, Los Angeles, and Miami. Passport’s digital platform helps cities manage parking and mobility infrastructure, creating more livable, equitable communities. One of the fastest-growing companies on the Inc. 5000 and Deloitte Technology Fast 500 lists, Passport was also named to Fast Company’s World’s Most Innovative Companies for 2020.