Monday marked the landmark day when the much debated and contested bipartisan Infrastructure Package of $1.2 Trillion got the assent post a fierce battle inside and outside the senate, being the largest injection of funds in the infrastructure in decades.
It aims to have a multi-dimensional approach in solving issues related to public transportation, roads, bridges, ports, railways, power grids, and broadband internet, as well as water and sewage systems.
A significant chunk of it, i.e. $550 Billion is going to be additional input, it shall be used to fix and enhance the dilapidated infrastructure and revive buildings, making them ready to serve and become cash flow positive. The rest of the money, $650 Billion shall be the existing money allotted for other purposes being refurbished, to bring the difference.
The Bill had quite a few times reached a deadlock, due to certain factions showing discontent to particular portions, or holding out due to severe differences as well, something that the party at the time could not afford. Luckily many cross-benchers stood up to the occasion and the bipartisan win assured the best for the American people.
With a ring of positivity in his tone, Biden said, “Today, we’re finally getting this done,” and added, “My message to the American people is this: America is moving again, and your life is going to change for the better.”
The President also assured that with regard to the spending, he and his team will, “make sure every penny is spent where it’s supposed to go in a timely fashion” and that Landrieu will have the “full access to every tool in the federal government to get it done.”
The Bill although is a significant trim from what Biden had proposed to the Congress, it nonetheless promises visible development and gearing up for the economy to be on the path of growth again.