Biden Opens Applications for Nearly $10B in Funding to Improve Nation’s Bridges
According to the U.S. Department of Transportation’s Federal Highway Administration, the U.S. Department of Transportation’s Federal Highway Administration opened applications for nearly $10 billion in funding for fiscal years 2023-2026 through the competitive Bridge Investment Program’s “Large Bridge Project” category, which funds projects larger than $100 million. The Bridge Investment Program was established by the President’s Bipartisan Infrastructure Law, which makes the single largest dedicated investment in bridges since the construction of the Interstate highway system: a total of $40 billion over five years to help ensure that some of the nation’s most important bridges remain safe and operational, meet current and future traveler needs, support local economies, strengthen our supply chains, and create good-paying jobs across the country.
