Business View Magazine - July 2024

OPENING L INES BIDEN ADMINISTRATION ANNOUNCES $1.8B IN TRANSPOR GRANTS FOR ‘COMMUNITIES OF EVERYSIZE’ “ThroughPresident Biden’s Bipartisan Infrastructure Law, we’re funding projects across the country to make roads safer, make it easier for people to move around their community, make transportation infrastructure more resilient to extreme weather, and improve supply chains to keep costs down for consumers,” Buttigieg said in a statement, adding that the grants followed “decades of underinvestment” in the country’s infrastructure. Among the grants, one of the largest, at $25 million, will go toward restoring around 45 miles of the Alaska Highway that have been degraded by thawing permafrost in Fairbanks, Alaska. In Maine’s Washington, Penobscot and Hancock counties, $23.5 million will go toward the addition of 24 electric buses and chargers. Another $24.9 million will go toward constructing a 300-foot bridge over a rail line in Sharpsburg, Pa., along with additional Source-https:/americancityandcounty.com/ Ryan Kushner. First Published June 26th, 2024 The Biden administration announced it has awarded $1.8 billion in grants for 148 transportation projects across the country.­ The funding, awarded through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program, is split equally between urban and rural areas in the U.S. and includes projects in all 50 states, as well as the Northern Mariana Islands,American Samoa, Guam and Puerto Rico, according to the administration. U.S. Transportation Secretary Pete Buttigieg said the funding will go toward a wide range of transportation initiatives and span “communities of every size.” 15 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 07

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