First of the new package’s dollars out the door are expected to be highway, EPA water funds distributed by formulas
Engineering News-Record By Tom Ichniowski, Aileen Cho, Pam McFarland, James Leggate, and Debra K. Rubin
November 18, 2021
With President Joe Biden’s Nov. 15 signing of the Infrastructure Investment and Jobs Act, or IIJA, federal agencies are stepping up plans to implement the landmark package, estimated at $1 trillion over five years.
The overriding question for states, localities, construction and engineering companies is: When will the dollars for year one start to flow?
The answer varies by agency and by individual programs the legislation creates or expands. But in general, funds from existing programs that distribute their dollars according to long-set formulas will “go out” the quickest. Funds from new programs established under the IIJA will move more slowly as the agencies hire more staff, develop grant-selection criteria and issue guidance to industry and local governments.
View the full article: ENR.com
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