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The U.S. Department of Transportation's Federal Highway Administration announced the release of $59.9 billion in Fiscal Year 2023 apportionments for 12 formula programs.
The programs will support investments in critical infrastructures such as roads, bridges, tunnels, carbon emission reduction and safety improvements by using funds from President Joe Biden's Bipartisan Infrastructure Law, according to an Oct. 11 news release.
“America’s roads and bridges are the vital arteries of our transportation system, connecting people and goods across the country,” Transportation Secretary Pete Buttigieg said in the release. “Because of President Biden’s Bipartisan Infrastructure Law, today we are sending historic levels of funding to every state to help modernize the roads and bridges Americans rely on every day.”
The funds will be dispersed among all 50 U.S. States, the District of Columbia, and Puerto Rico, which will work to rebuild the country's roads and bridges and make the national transportation system more efficient, the release reported.
The Bipartisan Infrastructure Law contains the largest dedicated investment in transportation infrastructure since the building of the Interstate Highway System in the 1950s and 1960s, according to the release. In 2021, projects were funded that addressed overdue needs in each state.