Over Half of IIJA Funds Still Up for Grabs

Just 40 percent of funds from the massive infrastructure law have been allocated to projects three years after its passage.

1 minute read

September 25, 2024, 9:00 AM PDT

By Diana Ionescu @aworkoffiction


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Less than half of funding from the Infrastructure Investment and Jobs Act has been allocated, according to a fact sheet from the U.S. Department of Transportation. As Julie Strupp explains in Construction Dive, this includes preliminary and non-binding announcements.

“Much of the law’s funding is available until expended, so it is expected to fuel construction projects past the five-year period. However, other funds are appropriated in specified amounts for specified fiscal years from 2022 to 2026.” IIJA funding flows to over 400 programs administered by different levels of government.

So far, the IIJA is funding some 60,000 projects and over 175,000 miles of roadway upgrades. These include 10,200 bridge projects, 1,100 airport projects, 500 port and waterway projects, 170 rail projects, and 11,200 public transit projects.

Thursday, September 19, 2024 in Construction Dive

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