That’s A Lot of Money Per Year

Aug. 10, 2021 – When the FAST Act was signed into law in 2015 by President Obama, it averaged $45 billion per year in spending on roads and bridges. Contrast that to the Infrastructure Investment and Jobs Act just passed by the Senate. The bill, which now goes to the House, averages just over $70 billion per year, according to National Stone, Sand & Gravel Association Vice President of Government and Regulatory Affairs Michele Stanley. Alex Etchen, senior director for infrastructure advancement at Associated General Contractors, has it slightly less, but in the same ballpark, while Brian Schmidt, senior regional economist at Portland Cement Association, slices and dices it a bit differently: $60.7 billion + new infrastructure: $22 billion = $82.7 billion per year in total spending on roads and bridges. No matter how you look at it, the Infrastructure Investment and Jobs Act is historic in its investment in roads and bridges, and will drive industry success for years to come. It just has to get through the House of Representatives.