"US Department of Transportation Allocates $4.9 Billion for Infrastructure Transformation"

The Biden-Harris Administration has announced over $4.9 billion in funding for 37 infrastructure projects through the Mega and INFRA grant programs, focusing on large, complex, and transformative initiatives. These projects aim to improve national and regional economic, mobility, and safety benefits, with a significant portion of the funding allocated to rural communities. The grants will support various projects such as bridge replacements, multimodal corridor improvements, and railroad bridge modernization, addressing critical infrastructure needs across the country. Despite the substantial increase in funding, the programs were oversubscribed, highlighting the high demand for infrastructure investment.