CNN Business By Matt McFarland April 1, 2021
Washington, DC (CNN)President Biden's massive infrastructure proposal has excited transportation executives who say it is unprecedented and will have a broad, lasting impact on the country. The outline calls for $621 billion to upgrade and modernize everything from roads to bridges, railways, buses, trains and airports. Electric vehicles are a major part of the proposal, with investments in charging infrastructure, the battery supply chain, manufacturing, tax incentives and job creation. An all-encompassing infrastructure push is a rarity, according to transportation experts. Biden's plan will need to receive congressional approval, so details are likely to change. But transportation leaders called the proposal a bold, necessary step to upgrade US transportation. "President Biden's plan is the most visionary proposal for the nation's transportation network since the dawn of the Interstate Highway System," Janette Sadik-Khan, chair of the National Association of City Transportation Officials, said in a statement.
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