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Investment and Jobs Act (IIJA) of 2021 its and impact on local transportation
Federal assistance to public transportation is provided through the Federal surface transportation program administered by the Department of Transportation’s (DOT’s) Federal Transit Administration (FTA). The public transportation program authorized as part of the Fixing America’s Surface Transportation (FAST) Act expired on September 30,2021. The new Infrastructure Investment and Jobs Act (IIJA) of 2021 reauthorizes surface transportation programs from FY2022 through FY2026.
On November 5, 2021, the U.S. House of Representatives, with bipartisan support, passed the $1 trillion Infrastructure Investment and Jobs Act (IIJA) of 2021. On August 10, 2021, the bill passed the U.S. Senate also with support from both parties on August 10, 2021.On November 15, 2021, the bill was signed into law by President Joe Biden.
Within the $1 trillion bill, $550 Billion are proposed for infrastructure projects over the next five years. Approximately $284 Billion of this funding is intended for transportation projects that include $39 Billion for transit projects, $66 Billion for rail projects, and $110 Billion for roads and bridges.
Seeking to maximize federal funding and financial opportunities to move forward the expansion of rapid transit corridors, and the enhancement of transit rolling stock and facilities, the Citizens’ Independent Transportation Trust (CITT) worked closely with IMG Rebel Advisory, Inc. and PEG to do a deep-dive analysis of the IIJA bill to explore what financial opportunities Miami-Dade County may have to advance its transportation projects.
- In September 2021, the CITT hosted a Zoom webinar to share the analysis done IMG Rebel. You can view a recording of the Zoom webinar.
- Presentation given by IMG Rebel, recently updated to include any changes after the passing of the IIJA bill.
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