In a nutshell, the $2.5 trillion infrastructure bill, which passed Congress on Thursday, would provide more than $200 billion in funding for the nation’s highways, bridges, airports and other public infrastructure.
And that money would be divided among public transportation, mass transit and the rest of the $3 trillion in funding that has been approved.
“It’s just going to make a lot of things easier, but it’s also going to have some tough questions,” said Mark Zandi, chief economist at Moody’s Analytics.
“What are the costs of this?
What’s the risk?
What do we do with it?”
A look at some of the big issues: The transportation plan includes $1 trillion for road projects over 10 years, but the bill would add $1.6 trillion over a decade to the existing infrastructure.
It would include $1 billion for new bridges and roads to replace the ones that have been destroyed or badly damaged.
It also includes $500 million for projects to make roads safer, like improved bike lanes and pedestrian crossings.
The bill also would provide $250 million to the states for the cost of upgrading roads and bridges, $1 million for road and bridge repairs, $200 million for flood control and stormwater mitigation, and $200.5 million for research and development on highway safety.
The infrastructure bill also includes new money for road safety, which would include new technologies to help drivers navigate congested urban streets.
The plan includes a $500,000 grant to the National Highway Traffic Safety Administration to study new technology that would improve traffic signals and make them easier to read.
It includes $10 million to build a pilot project that will make traffic signals easier to follow on highways.
The Department of Transportation will also spend $200,000 to research safer pedestrian crossings, and more than 30 federal agencies will invest $300 million over a 10-year period to create pedestrian and bicycle facilities.
The Transportation Department is also investing $100 million to help states develop safe pedestrian crossings and curb ramps.
It also includes more than 60,000 jobs in transportation, including $5.8 billion for the Department of Labor and $5 billion for job training programs.
The new jobs would include 7,000 in the Transportation Department and another 500 in other agencies.
It is also estimated that the total infrastructure investment could add more than 800,000 manufacturing jobs.
The new transportation bill also provides $50 billion for infrastructure repairs and upgrades over 10 year periods, including the $1 for the National Flood Insurance Program.
The measure also includes another $300 billion for other federal infrastructure programs, including federal highway programs and federal transit projects.
The Transportation Department also said it will invest in a “road repair program to make sure the roads we need are there, in better shape, and safe for people to use,” including $1,000 for a pilot program to create better road signs and pavement markings.
“We are investing billions of dollars in infrastructure and we need to invest in roads to make the nation safer,” said Transportation Secretary Anthony Foxx.
“But it’s a lot more expensive to make it safe and safer and safer than we are now.”