On Nov. 15, 2021, President Joe Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act into law, representing an increase of $550 billion in infrastructure investment. This law aims to modernize current infrastructure and expand roads, internet coverage, wildfire prevention, and other infrastructure projects across the country.
Infrastructure Budget Breakdown
Introduced in the spring of 2021, the bill is part of a long-term plan to revamp the country’s infrastructure, likely to take place over the next five years and beyond. Funding will travel directly from federal to local government agencies.
Of the total $1.2 trillion budget, transportation makes up $284 billion. This money will funnel to the Department of the Interior, Department of Transportation, Environmental Protection Agency, and state governments.
The largest single portion of the money—$110 billion—will fund bridges, roads, and highways. Generally, state highway and transportation agencies will have a budget increase of 21%. The funding will primarily focus on improving bridges of economic significance, as well as strengthening roads and bridges to withstand damage from climate change.
The transportation budget also sets aside $11 billion for multiple transportation safety programs. The money will go towards reducing traffic fatalities and funding existing safety programs for highways, pipelines, trucks, and hazardous materials.
Efficient Infrastructure Design with McDonald Steel
The new bill will support McDonald Steel in our mission to strengthen the nation’s infrastructure. Our hot-rolled steel products are field-proven for national bridge and railroad applications. These products have been time-tested and have very rigorous performance requirements.
For nearly a century, McDonald Steel has contributed to the country’s critical infrastructure—our products can be found in roads and bridges across the United States, including the Brooklyn Bridge, Peace Bridge, Ambassador Bridge, and Newburgh-Beacon Bridge. We are also committed to meeting the increasing demand for rail freight shipping. Track maintenance will become increasingly vital for safe and dependable railways.
High-Quality Steel Components from McDonald Steel
The new Infrastructure Investment and Jobs Act is great news for manufacturing industries, particularly those that work on infrastructure. McDonald Steel has a wide range of facilities, experience, and expertise to produce specialized steel parts for infrastructure projects. Our products come in a vast selection of sizes and configurations to meet any project and industry requirements.
Our devoted team of engineers works with our customers’ engineers to design and develop a custom solution that’s right for them. Industry-leading companies depend on McDonald Steel because of our expertise in precision hot rolling technology, which can create cost-effective near net shapes that maximize performance and efficiency.
Our materials can meet or exceed the standards for any infrastructure project, including railroads, steel bridge constructions, bridge decking, and heavy equipment applications. To maintain the highest level of quality across our services and products, our company is ISO 9001:2015 certified.
If you would like more information about our products and capabilities, contact us today.