1/1
  • Condensed by Lynda Kiernan-Stone

President Biden, Senators Reach Infrastructure Deal

President Biden has reached an infrastructure deal with Senators that will boost spending by about $72 billion per year on water infrastructure, bridges, roads, broadband expansion, and strengthening production of clean energy.


Biden originally proposed a $2.2 trillion infrastructure deal to be carried out over the span of eight years. But the final plan lists about $973 billion in spending over five years, and $1.2 trillion in total infrastructure spending over eight years, including new infrastructure funding of $579 billion.

This new spending would include:

  • $109 billion for roads, bridges, and major projects

  • $66 billion in freight and passenger rail projects

  • $49 billion in public transit

  • $25 billion for airports

More importantly for agriculture, the agreement sets $16 billion in additional funding for various waterway projects, including port upgrades. An additional $5 billion funding will be allocated for Western water storage expansion, as the region is again in the midst of serious drought.


More on this story


WIA21 335X280
WIA21 335X280

Join an international community of women passionate about agribusiness.

WIA21 335X280
WIA21 335X280

Join an international community of women passionate about agribusiness.

1/1

Contribute an article

Lynda Kiernan is Editor with HighQuest Group Media and of the Oilseed & Grain News. If you would like to submit a contribution for consideration, please contact Ms. Kiernan at lkiernan@highquestgroup.com.