Construction Outlook January 2022

Page 32

Infrastructure Investment and Jobs Act HR 3684 INFRASTRUCTURE INVESTMENT and JOBS ACT HR 3684 Total 5-Year NewTotal 5YR New England (Region 1) Funding Distribution England (Region 1) Funding Distribution

INFRASTRUCTURE CATEGORY

MA

CONN CT

RI

ME

VT

NH

TOTALS

Population

7.0M

3.6M

1.1M

1.4M

643,000

1.4M

15.1M

CLEAN & DRINKING WATER PROJECTS*

$1100M

$445M

$378M

$390M

$355M

$418M

$3.086B

ROADS*

4200

3500

1500

1300

1400

1100

13.00B

BRIDGES*

1100

561

242

225

225

300

2.65B

PUBLIC TRANSPORTATION*

2800

1300

292

251

77

126

4.85B

BROADBAND

100

100

100

100

100

100

600M

AIRPORTS*

244

62

45

24

28

45

449M

RESILIENCY and CYBER PROTECTION

21.5

19.4

12.9

23

21

18

116M

ELECTRIC CHARGING NETWORK

63

53

23

19

21

17

196M

TOTALS

9.36B

6.05B

2.77B

2.49B

2.25B

2.12B

$25.0B

NOTES 1. HR 3684 (Infrastructure Investment and Jobs Act-amended) includes $650B in reauthorization of existing Federal programs for 5 years at traditional levels, PLUS $550B to supplement exist. levels and to establish new programs. 2. This chart represents New England's ESTIMATED portion of the $550B ADDITIONAL federal funds provided in HR 3684 and are based on current Federal Highway and EPA funding formulas. $25B/$550B = 4.5% 3. The total federal Infrastructure funds ( $1.2 Trillion) are for projects to be bid over the next 5 years ( FY2022-2026 ) 4. Total payments are estimated to extend over a minimum of 8 years. 5. Distribution formulas and Annual distributions may vary based on updated factor data provided each fiscal year. 6. * Existing Federal Programs - Chart values do not include base spending levels , only the portion of the $550B 7. All 50 states will also be able to compete for additional funds in New Infrastructure Programs totalling about $40B 8. DRINKING WATER PROJECTS - FY2022-26 SRF funding levels will average 35%% above FY2021 level for the New England States 9. CLEAN WATER PROJECTS - FY 2022-26 SRF funding levels will average 12% above FY2021 level for New England 10. ROADS,BRIDGES and PUBLIC TRANSPORTATION PROJECTS- FY2022-26 annual funding levels will average 22% above FY2021 level for the New England States

Barletta Heavy Division in Somerville, MA 30

“BUY FROM THE ADVERTISERS IN CONSTRUCTION OUTLOOK”

JANUARY, 2022


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