US Congress approves over $1 trillion infrastructure development bill

The House of Representatives of the US Congress has passed a more than $1 trillion bipartisan infrastructure bill late November 5, sending it to President Joe Biden’s desk in a critical step toward enacting sprawling Democratic economic plans, Report informs referring to CNBC.

The Senate approved the revamp of transportation, utilities and broadband in August. The legislation’s passage is perhaps the unified Democratic government’s most concrete achievement since it approved a $1.9 trillion coronavirus relief package in the spring.

The bipartisan Infrastructure Investment and Jobs Act would put $550 billion in new money into transportation projects, the utility grid and broadband. The package includes $110 billion for roads, bridges and other major projects, along with $66 billion for passenger and freight rail and $39 billion for public transit.

It would put $65 billion into broadband, a priority for many lawmakers after the coronavirus pandemic highlighted inequities in internet access for households and students across the country. The legislation would also invest $55 billion into water systems, including efforts to replace lead pipes.