Inflation means Biden’s infrastructure package gets less bang for the buck

Highway bridge half-finished.

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...

https://www.freightwaves.com/news/inflation-means-bidens-infrastructure-package-gets-less-bang-for-the-buck

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