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A new era in infrastructure

Federal funding is transforming what we build and how we build it.

We are at the beginning of a decade of capital investment in infrastructure. Driving demand is the need to address a $2.6 trillion critical infrastructure deficit1, improve asset resilience, reduce carbon emissions, support the transition to clean energy, and support the acknowledged role infrastructure plays in driving sustainability and social equity.

In response, the U.S. Congress has approved the largest federal investment in infrastructure in decades, representing a once-in-a-generation opportunity to recapitalize our national infrastructure networks. Infrastructure is the fabric of our society, and increasing investment ensures that the U.S. can thrive economically, socially, and for the long term.

With today’s focus on accountability and transparency, it is critical for infrastructure owners and those they partner with to understand the opportunities and the demands they face.

Footnote: 

1. Source:  American Society of Civil Engineers®

Improving our nation’s complex infrastructure requires funding for government and commercial projects

While the Infrastructure Investment and Jobs Act (IIJA) is focused on fixing and upgrading our nation’s infrastructure networks, the $20 trillion U.S. economy also relies on private sector contributions to our infrastructure resources. Inflation Reduction Act (IRA) and the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS and Science Act, or “CHIPS”) will work in tandem to provide a historic level of grants and tax credits for commercial asset owners investing in the future of our nation’s transition to clean energy and securing the technology to enable that transition.

Available funding presents opportunities and challenges.

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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.

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