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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.
With interest in Florida, the Trump Administration hiked spending to $250 million for fiscal 2021 that Congress approved, up from $67 million two years earlier.
With a massive appropriations package now in place for the rest of fiscal year 2020, engineering firms and contractors can breathe easier as the construction season approaches, knowing how much funding is available through Sept. 30 for important federal infrastructure programs.
As construction industry officials wait to see whether Congress will agree to raise overall federal spending caps for fiscal 2020 and 2021, House Democratic appropriators are pushing to approve as many of the spending bills for fiscal year 2020 as they can by the July 4 break.