$500 Billion Invest in America Act Unveiled
Peter Doherty • Jun 15, 2020 • 2-min read
Tags: transformation • infrastructure • transport • COVID-19
The unexpected outbreak of COVID-19 has disrupted organizations across the US causing massive job and revenue losses. The way you and your customers do business during the pandemic and possibly during a “second wave” is still uncertain. How is your organization planning to navigate these challenges today?
COVID-19 Response and Recovery
On June 08 2020, the Investing in a New Vision for the Environment and Surface Transportation in America (INVEST in America) act was unveiled. The act calls for $500 billion in federal infrastructure investments toward roads, bridges, transit & rail systems to restart the economy and rebuild infrastructure in the US. What strategies will your business implement to capture these opportunities?
Resilience and Growth
Striking the optimal balance between resilience and growth is paramount for business stability. Agile and adaptive planning are required to reposition your business model, target operating model and working capital requirements going forward.
Investments in Bridges, Roads, Rail, Green Initiatives and Safety
This represents a huge opportunity for contractors in the construction, transportation and equipment supply. The act will focus on advancing projects for highways, transit, saftey and greenhouse gas reduction programs in the US. Federal Aid for highways will be delivered in the following ways (but not limited to):
- Fix It First - repair and upgrades of infrastructure before new build decisions
- Bridge Investment - requires states to spend National Highway Performance Program (NHPP) on bridge repair and rehabilitation projects
- Climate - broad mandate to invest in bridge, road & rail projects
- Resilience - infrastructure vunerability assessments to guide investments
Please see the act (below) for more initiatives that the legislature aims to address.
Contact us today to discuss how you can position your business to capture these new opportunities.
The summary of the act, published by Congress is below.