"Historic" and "landmark" are a couple of the terms railway insiders are using to describe the Infrastructure Investment and Jobs Act (IIJA) passed by Congress and signed into law by President Biden last November. I can sum up the impact for railway contractors and suppliers in two words: Tremendous opportunities. IIJA will generate $1.2 trillion of investment into U.S. roads, bridges, waterways, airports, rail and transit systems, and other infrastructure, and will reauthorize surface transportation programs for the next five years. That includes $66 billion for railways, which breaks down to $36 billion for Federal-State Partnership for Intercity Passenger Rail Grants, $16 billion for the Amtrak network, $6 billion for the Amtrak Northeast Corridor and $3 billion for the new FRA rail crossing elimination program. It also contains $39 billion for public transit and $17 billion for ports and waterways.
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