16 Nov Florida communities will benefit from infrastructure funding
With the recent passage of a $1.2 trillion infrastructure bill by Congress, cities, towns, and rural areas across Florida are poised to reap the benefits.
From roads and bridges to water and wastewater systems, the legislation aims to help states and their communities improve often-overlooked infrastructure needs. Proponents of the legislation say that the funding will not only provide needed investment for modernization, repairs, and rehabilitation, but will also make the U.S. more competitive with other nations.
Early estimates for Florida indicate the legislation will provide billions in funding for the next five years, including:
- $1.6 billion for clean drinking water, wastewater, and stormwater infrastructure improvements
- $13.1 billion for roads and highway projects
- $245 million for bridge replacement and repairs
- $2.6 billion for public transportation
- $198 million for electric vehicle charging stations
- $100 million for broadband access
- $1.2 billion for airports
Additionally, Florida can expect to receive a portion of the $7 billion that the legislation targets for coastal resiliency.
As we learn more about the national legislation and spending requirements, WithersRavenel can help municipalities develop a funding strategy for their infrastructure needs. Don’t wait to position your community to take advantage of this funding stream, particularly for asset management planning as it relates to projects to improve roads, pavement, bridges, and water, wastewater, and stormwater infrastructure. Contact Director of Innovation Chuck Wright at (919) 238-0322 or email@example.com for more information.