Insight

What’s in the Biden American Jobs Plan?

How much of President Biden’s $2 trillion infrastructure plan will become reality?

Andrew Garbutt

Andrew Garbutt

Advisory, Infrastructure, KPMG US

+1 512-501-5329

On March 31, President Biden announced a $2 trillion-plus proposal for a wide-ranging infrastructure bill. It is hugely ambitious in scope and includes investments to build a green economy and pursue social goals, in addition to repairing roads and bridges, etc. Andrew Garbutt, a principal in our Infrastructure Advisory Practice has written a concise review of the proposal, including his insights about how the proposal may—or may not—become law. Among the highlights that would impact construction industries, municipalities, and corporate ESG programs:

  • $621 billion for transportation infrastructure and resilience
  • $300 billion for housing-related investment
  • $300 billion for small business and manufacturers
  • $174 billion for electric vehicle market development, including 500,000 charging stations
  • $111 billion for clean water and water infrastructure
  • $100 billion for power infrastructure
  • $100 billion for workplace development

 

Subscribe

KPMG Deal Advisory distributes a wide selection of thought leadership that highlights the latest M&A issues and trends.

KPMG Deal Advisory distributes a wide selection of thought leadership that highlights the latest M&A issues and trends.