Infrastructure Investment and Jobs Act
Addressing our nation’s complex infrastructure needs requires a comprehensive approach.
The Infrastructure Investment and Jobs Act (IIJA) – a.k.a the Bipartisan Infrastructure Law (BIL) was signed into law on November 15, 2021. IIJA is an unprecedented investment in our nation's infrastructure, a focus on value, social equity, climate resilience and sustainability. Driving this kind of change and meeting America’s infrastructure challenges means IIJA has more breadth and complexity than any other federal infrastructure bills in the last 50 years.
IIJA overview
Over $1 trillion
In investment.
~$550 billion
New spending above baseline levels.
375+ Programs
Formula and competitive programs have a diverse range of eligible asset classes, projects and applicants.
Funding criteria
Encompasses mobility and community connectivity, environment justice, resilience and social equity.
Recipients
Includes states, tribes, local governments, counties, cities, MPOs, public agency, private entity, NPOs.
Source: Infrastructure Investment and Jobs Act of 2021, H.R. 3684, 117th Cong. (2021); “Updated Fact Sheet: Bipartisan Infrastructure Investment and Jobs Act”, August 2, 2021, whitehouse.gov
IIJA funding by sector
IIJA progress
1
2
3
4
5
Source: “Fact Sheet: One Year into Implementation of Bipartisan Infrastructure Law, Biden-Harris Administration Celebrates Major Progress in Building a Better America" November 15, 2022, whitehouse.gov
Available funding presents opportunities and challenges.
Infrastructure is undoubtedly the new focus for the next decade. As a nation we now face the challenge of fully leveraging funding to deliver on the mission ahead. A mission that requires a focus on projects that are not just shovel ready—but shovel worthy. It’s important to understand the challenges involved and how to meet them in order to make the most of historic opportunities.
Explore more
Insight
All charged up
Federal efforts to expand the country’s highway EV charging network can benefit both the public sector and private companies.
Insight
Infrastructure funding 2023
After a good start in 2022, there’s still a lot to do to deploy new federal infrastructure funds. Five priorities for right now.
Insight
CapEx decisions in a downturn
A rigorous process for stronger growth. Who will make the respective changes?
Insight
Inflation Reduction Act
Investing in a clean energy future
Insight
A new era in infrastructure
Federal funding is transforming what we build and how we build it.
Insight
Infrastructure updates: helping you capture funding opportunities
Keeping pace with fast-moving developments
Meet our team
Reach out to our Infrastructure taskforce with specific questions
We have extensive infrastructure funding knowledge to share. Please visit our Infrastructure funding success (kpmg.us) for more information on how we can help.
Subscribe now to Infra Funding Updates
Sign up for KPMG Infra Funding Updates, and we can help keep you stay informed on new developments.