Now that President Joe Biden has signed into law the biggest investment in freight transportation in 65 years, the question turns to how quickly the money can reconnect the links of a broken supply chain.
The Infrastructure Investment and Jobs Act (IIJA) includes $110 billion for roads, bridges and major infrastructure projects, $66 billion for freight and passenger rail, and $17.4 billion for ports and inland waterway improvements.
It also sets aside $20.5 billion over five years for three major multimodal discretionary grant programs. That’s “an unprecedented amount,” according to the freight project lobbying group Coalition for America’s Gateways and Trade Corridors (CAGTC).
