"A key takeaway from the Treasury data is that the bipartisan infrastructure law is working in year-one as intended, with state transportation departments disbursing funds and projects breaking ground," said American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black, who prepared the report.
"The economic and quality of life benefits of the infrastructure law will become even more apparent as funding continues in coming years," said ARTBA Chair Paula Hammond, a WSP USA Senior Vice President. "The beneficiaries of these long-term investments will be the American traveling public in their communities."
President Joe Biden signed the IIJA into law Nov. 15, 2021. Nearly 90 percent of IIJA's highway funds are dispersed by existing formula to states, with the remainder distributed through discretionary grant awards and other allocated programs.
Nationally, over 29,000 IIJA projects were launched through the end of September. The five largest projects supported by formula funds in Michigan are:
- Reconstruction and improvements along 11 Mile Road to 14 Mile Road, City of Roseville, Macomb County - $52.6 million
- Pavement reconstruction, drainage improvements, and guardrail replacement from Levering Road North to US-31, Cheboygan County - $38.9 million
- Jackson/Calhoun County Line to Michigan Avenue; multi-course resurfacing, repairs, and bridge preventative maintenance - $38.3 million
- Replacement of five bridges on I-75 in Monroe County (B03-1 and -2 of 58151, Muddy Creek, B04-1 and -2 of 58151, Otter Creek, and 58151-S06, Luna Pier) - $34.3 million
- Roadway reconstruction and widening and interchange reconstruction; East of Lovers Lane to East of Portage Road in the City of Kalamazoo and Portage, Kalamazoo County - $26.2 million
Your local Deere & Co dealer |
---|
AIS Construction Equipment |