Biden Administration Announces Final $5 Billion Infrastructure Investment

The funds will support over 560 projects nationwide, including rail safety, road improvements, and expansion of EV charging networks under the 2021 Bipartisan Infrastructure Law.

• The $5 billion investment will fund 560 projects across all 50 states, Washington, DC, and U.S. territories, focusing on transportation and infrastructure upgrades.
• Key areas of funding include rail safety, intercity rail service, rural transportation infrastructure, and airport renovations.
• Approximately $635 million will be allocated to expand electric vehicle charging and refueling infrastructure as part of a national network buildout.
• The Biden administration has faced criticism over delays in its EV charging station rollout, with only a fraction of the anticipated 500,000 charging ports operational by late 2024.
• This marks the Biden administration’s final major infrastructure spending push, aiming to solidify the legacy of the 2021 Bipartisan Infrastructure Law.

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