It is now a well-established fact that any country failing to achieve this is likely to get hit brutally time and again with disasters. Preparation is the only answer to effective and safe living.
Realizing this utmost need of strengthening a nation’s infrastructure, US President, Joe Biden recently introduced a $2 trillion ‘Rebuilding Infrastructure’ plan. The spending in the proposed plan focuses on diverse physical infrastructure projects, including transportation, broadband, the electric grid and housing. It also mentions making more efforts towards advancing manufacturing and other key industries in order to build a stronger economy.
Major Focus Areas for Growth
President Biden’s infrastructure plan is likely to get translated into several important projects including rebuilding of 20,000 miles of roads, repair of 10,000 smaller bridges along with the 10 most vital bridges of the country, eliminating lead pipes from water supplies etc. The plan includes $50 billion of dedicated investments for improving the infrastructure resilience of the country.
Basis the plan, roads, bridges and airports are to be made more resilient to withstand the effects of storms, floods, fires etc. Funds are to be invested in research and development of clean technologies and retrofitting buildings to make them more energy efficient. The plan proposes spending of $46 billion for buying electric vehicles and $35 billion in research and development of new technologies.
Paying a lot of attention to climate change, President Biden, additionally focuses on modernizing and transforming electric power plants with an investment of $100 billion. By updating the electric grid, he aims to make the power utility more reliable and less susceptible to blackouts. Building more transmission lines from wind and solar plants to large cities is another area of focus.
Highlights of President Biden’s ‘Rebuilding Infrastructure’ Plan
- $180 billion for R&D
- $115 billion for roads and bridges
- $85 billion for public transit
- $111 billion for water infrastructure
- $100 billion for modernizing electric power plants
- $100 billion for broadband
- $80 billion for Amtrak and freight rail
- $46 billion for buying electric vehicles
- $42 billion for ports and airports
The spending in the plan would spread over eight years. President Biden quotes the plan as ‘A once-in-a-generation investment in America'. The plan, if implemented effectively, would significantly strengthen the economy. It would create multiple jobs at various levels and build a safer & more resilient country. Using our deep domain knowledge, garnered through 20+ years of experience of building intelligent spatial solutions, we look forward to playing an important role in this growth journey of the country.