28-03-2021, 16:23
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#4
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TBB Family
Registriert seit: Mar 2004
Beiträge: 10.373
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25 Mar 2021 | 20:26 UTC Pittsburgh
Biden to unveil infrastructure package next week
HIGHLIGHTS:- Biden to make announcement March 31
- Focus on both physical, technology initiative
Author Justine Coyne
Editor Richard Rubin
https://www.spglobal.com/platts/en/m...kage-next-week
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Biden, who will travel March 31 to Pittsburgh, is expected to push for a "Build Back Better" plan that could have a price tag as high as $4 trillion, Reuters reported.
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A major investment in infrastructure needs to be made so that the US can compete on a global scale, Biden said, noting that the largest consideration for companies in investing in any city is access to adequate transportation and infrastructure.
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More than one-third of US bridges need repair and one out of every five miles of US highways and major roads is in poor condition, Biden said.
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Transportation Secretary Pete Buttigieg testified March 25 in front of the House Transportation Committee, telling the bipartisan panel that US infrastructure needs exceed $1 trillion and inaction on this front would be a threat to the country's future.
"I believe at this moment we have the best chance in any of our lifetimes to make a generational investment in infrastructure that will help us meet the country's most pressing challenges today and create a stronger future for decades to come," he said.
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