About half of the $1.2T must be spent in five years, which means enormous growth for contractors who can get projects “shovel-ready” fast. Economists are predicting the biggest boost to come in 2023. It’s being called a “once-in-a-generation” infrastructure bill — with a trillion-plus dollars allocated to overhaul the U.S. public works system and start new road, highway, airport and other transportation projects. What exactly is included in the Infrastructure Investment and Jobs Act (IIJA), what does it mean for the construction industry, and are you ready for what it may bring? Here’s a quick look. What’s in the infrastructure bill? Signed into law on November 15, 2021, the IIJA funds $1.2 trillion in infrastructure projects. That includes roads and bridges ($110 billion), electrical grid improvements ($73 billion), passenger and freight rail ($66 billion), broadband internet infrastructure ($65 billion), water infrastructure ($55 billion), airport maintenance and improvements ($25 billion), and port and waterway improvements ($17 billion), along with a host of other projects. READ FULL ARTICLE>>
