Road, rail and port projects may have to be curtailed or delayed because of the effect that rising inflation is having on the purchasing power of the $1.2 trillion infrastructure bill enacted last year.
The Infrastructure Investment and Jobs Act (IIJA), which President Joe Biden calls a “once-in-a-generation” funding bill, sets aside roughly $660 billion over five years for grants and program funding for freight, transit and other transportation projects overseen by the U.S. Department of...