How will the infrastructure bill boost the country’s technology?
It’s been two weeks since President Joe Biden signed the bipartisan infrastructure investment and jobs law. After the United States infrastructure system received a C score from the American Society of Civil Engineers this year, it is clear that this bill is long overdue. While not the $ 2.25 trillion originally offered by Biden, the $ 1.2 trillion package is expected to help give America’s infrastructure the facelift it needs, particularly in this area. which concerns technological advances. If you are not clear on what the bill will contain, we have set out the main points below.
Why we need it
It’s no secret that America’s infrastructure needs work. From crumbling roads and bridges to unsafe drinking water and outdated power grids, the Infrastructure Investment and Jobs Act is designed to make America a safer and more accessible place.
The past few years have seen a variety of infrastructure related incidents: from water supply crises to plumbing such as Flint, Michigan experimented; Texas power grid goes down; and the Campfire in California. These and other events highlight the need for critical updates before more incidents like this occur.
The pandemic, meanwhile, has highlighted the need for robust and pervasive online connectivity so that people can work from home and students can learn virtually. The lockdown has particularly highlighted the limited access of some rural populations, tribal communities and low-income urban areas to fast and reliable web services. The need for reliable power, the Internet and a secure infrastructure has reached a critical point and is needed more than ever.
What does this imply?
Of the $ 1.2 trillion package, approximately $ 75 billion will focus on technological advancements, including broadband, cybersecurity and electric vehicles and their charging ports.
Of that $ 75 billion, $ 65 billion is spent on updating broadband and the Internet alone. This part of the bill also provides for subsidies for those who cannot afford to access the Internet, such as the assistance provided by the COVID Relief Bill.
About $ 7.5 billion will go to installing electric car charging stations to encourage the use of electric vehicles and fight climate change. An additional $ 5 billion will be spent on purchasing electric buses for schools and public transport to reduce the use of diesel fuel.
Credit: (Shigemi Okano / Shutterstock)
A separate $ 65 billion will be used to modernize aging power grids. After the catastrophic grid failure in Texas last year and with the expected increase in the use of electric vehicles, dependence on electricity will reach an all-time high. This part of the bill will help finance the building of a stronger and more reliable power grid in order to minimize future breakdowns. This funding will also be used to create cleaner sources of electricity, such as hydrogen instead of coal.
When will we see the results?
The benefits of this bill will be felt over the next five years. Funding will be come from unused COVID-19 relief funds as well as oil back-up sales and auctions of 5G services.
Other impacts of the infrastructure bill will include repairs to transport infrastructure, including railways, airport terminals, and new bridges and roads.