Addressing our nation’s complex infrastructure needs requires a comprehensive approach.
The Infrastructure Investment and Jobs Act (IIJA) – a.k.a the Bipartisan Infrastructure Law (BIL) was signed into law on November 15, 2021. IIJA is an unprecedented investment in our nation's infrastructure, a focus on value, social equity, climate resilience and sustainability. Driving this kind of change and meeting America’s infrastructure challenges means IIJA has more breadth and complexity than any other federal infrastructure bills in the last 50 years.
Over $1 trillion
In investment.
~$550 billion
New spending above baseline levels.
375+ Programs
Formula and competitive programs have a diverse range of eligible asset classes, projects and applicants.
Funding criteria
Encompasses mobility and community connectivity, environment justice, resilience and social equity.
Recipients
Includes states, tribes, local governments, counties, cities, MPOs, public agency, private entity, NPOs.
IIJA funding by sector
Source: Infrastructure Investment and Jobs Act of 2021, H.R. 3684, 117th Cong. (2021); “Updated Fact Sheet: Bipartisan Infrastructure Investment and Jobs Act”, August 2, 2021, whitehouse.gov
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Infrastructure is undoubtedly the new focus for the next decade. As a nation we now face the challenge of fully leveraging funding to deliver on the mission ahead. A mission that requires a focus on projects that are not just shovel ready—but shovel worthy. It’s important to understand the challenges involved and how to meet them in order to make the most of historic opportunities.
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All charged up
Federal efforts to expand the country’s highway EV charging network can benefit both the public sector and private companies.
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Infrastructure funding 2023
After a good start in 2022, there’s still a lot to do to deploy new federal infrastructure funds. Five priorities for right now.
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CapEx decisions in a downturn
A rigorous process for stronger growth. Who will make the respective changes?
We have extensive infrastructure funding knowledge to share. Please visit our Infrastructure funding success (kpmg.us) for more information on how we can help.
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