worth $1.2 trillion

The US investment plan includes roads, bridges, fast internet, and clean energy

Biden announced the allocation of $ 7.5 billion to establish a network of charging stations for electric cars.

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US President Joe Biden's massive investment plan aims to restore long-neglected infrastructure, including repairing roads and bridges, expanding broadband, developing clean energy sources, and other workshops.

Democratic and Republican senators have drawn up a $1.2 trillion proposal, which now needs to be debated and voted on, today (Saturday) in the Senate.

Infrastructure

The plan includes the repair of traditional infrastructure, as roads occupy the largest part of the plan, which allocates $110 billion to repair them, with a focus on the need to reduce climate change, and the safety of all users, including cyclists and pedestrians, according to the White House, and about $40 billion will be allocated. To repair or replace old bridges.

passenger transport

The White House announced that it intends to make the largest investment in passenger rail transport since the creation of the American General Railroad Company "Amtrak" fifty years ago, with $66 billion allocated to modernize rail infrastructure to transport passengers and build new intercity lines, including By high speed trains.

Also, $17 billion will be allocated for rivers, canals and harbors, with the need to maintain and expand dams and locks.

An additional $25 billion will be used to fund projects at airports.

The plan calls for $21 billion to help regulate pollution in areas with toxic waste, abandoned mine areas, and unsealed gas wells.

It also allocates $15 billion to replace leaded water pipes, but this value does not exceed a third of the amount needed to replace all of them at the national level, according to the Natural Resources Defense Council.

Emission reduction

The $50 billion will be used to fund measures to reduce emissions and mitigate climate change.

These funds are intended to improve the population's adaptation to these phenomena and combat cyber attacks, at a time when the cost of floods, wildfires and other natural disasters that the country has witnessed amounted to about $100 billion in 2020, according to the White House.

The bill also allocates five billion dollars to secure zero-emissions school buses (American yellow buses), and 2.5 billion dollars for ferries.

In an effort to stimulate the electric vehicle market, $7.5 billion is allocated to establish a nationwide network of electric vehicle charging stations.

fast internet

Expanding the fast Internet is a priority for the Biden administration, both for residents in rural areas, where Internet access is scarce, and for city dwellers who can't afford it.

The bill allocates 65 billion dollars to expand these infrastructures with the adoption of new regulations to reduce prices, and a program aimed at providing the Internet to low-income families.

The storm that hit Texas last February cut off water and electricity for millions of people in the second most populous US state.

The bill allocates $65 billion to build thousands of kilometers of new lines to transmit electricity that are generated from renewable sources, and invests in research on new technologies such as carbon dioxide capture and "clean hydrogen", and in research on nuclear energy.

Biden's basic plan was worth $2.3 trillion, but Republicans considered it prohibitive.

Ultimately, the text drawn up by a group of Republican and Democratic lawmakers is limited to $550 billion in new spending.

The remainder is funded by unspent funds from previous stimulus plans and new tax revenue on cryptocurrencies, the White House said.

The bill is also based on higher economic growth, reflected in an increase in tax revenues, to cover some of the costs.

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