More than half of this money will be spent on roads and railways, charging stations for electric vehicles, and replacing lead water pipes.
In the United States, after lengthy discussions, the Senate approved a bill on $1 trillion in investments in roads, bridges, ports, high-speed Internet, and other infrastructure. It was reported by CNBC on Monday, August 2.
In particular, $550 billion over five years is expected to be spent on roads and railways, charging stations for electric vehicles, and the replacement of lead water pipes, in addition to the $450 billion previously approved.
вЂњI believe that we can quickly process the relevant amendments and pass this bill in a few days,вЂќ said Senate Democratic Majority Leader Chuck Schumer.
вЂњThis is a really important bill because it deals with our large, aging, and outdated infrastructure in the country and its modernization. It's good for everyone,вЂќ added Republican Senator Rob Portman.
Recall that earlier US President Joe Biden presented a $2 trillion infrastructure development plan. The most significant investments вЂ” $650 billion вЂ” will go towards modernizing transport infrastructure.