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Infrastructure Investment Act: More Funds for Roads and Transport

This act aims to significantly increase funding for modernizing roads, bridges, railways, and public transportation across the United States. Citizens can expect improved transportation infrastructure quality, leading to shorter travel times and increased safety. Funding comes from a newly established trust fund, partly financed by increased fuel taxes.
Key points
Fuel tax increase: The price of gasoline and diesel will increase, directly affecting refueling costs.
New infrastructure fund: A special fund will be created to collect money for transportation investments.
Major road and bridge investments: Billions of dollars will be allocated for the construction and renovation of highways, local roads, and bridges.
Public and rail transport development: Significant funds will go towards modernizing passenger and freight railways and urban transport systems.
Support for rural areas: At least 20% of funds will be allocated to projects in rural areas, with lower funding thresholds and the possibility of a higher federal share.
Job creation: Infrastructure investments may lead to the creation of new jobs in the construction and related sectors.
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Additional Information
Print number: 117_HR_227
Sponsor: Rep. Hastings, Alcee L. [D-FL-20]
Process start date: 2021-01-06