On Aug. 10 U.S. Senators passed the bipartisan Infrastructure Investment and Jobs Act which will bring funding to Colorado for highway projects, bride replacements and repairs, public transportation, expansion of electric vehicle charging network and more. The infrastructure bill will also contain a five-year surface transportation reauthorization in addition to the increased spending on road, bridges, airports, ports, transit, rail, broadband and water.
In total, there could be more than $5 billion coming to the state for funding with $3.7 billion road improvements, $225 million for bridge replacement and repairs, $917 million for public transportation and more.
According to a fact sheet from the White House, Colorado is expected to receive $3.7 billion for federal-aid highway apportioned programs and $225 for bridge replacement and repairs over five years.
Regarding sustainable transportation, Colorado is expected to receive $916 million over five years under the Act to improve public transportation options across the state. The state is also expected to receive $57 million over five years to support the expansion of an electric vehicle (EV) charging network in the state.
Immediately passing the following of the bill, Senate Democrats agreed to a $3.5 trillion budget resolution which sets instructions to 12 congressional committees on how to develop legislation. Senate committees must report back to the Senate by Sept. 15 with their proposals.
Both of these items will return to the House, which could consider the budget resolution during the week of Aug. 23.
Click here to read the entire fact sheet.