Joe Biden wants to invest $620 billion in transport in the United States
The US President has unveiled a gigantic plan to stimulate the American economy and create millions of jobs. Called the "American Plan for Jobs", it provides for massive investment of 620 billion dollars in transport infrastructure.
By Luc Citrinot -
Interchange in Los Angeles (Photo: Wikimedia Commons- Remi Jouan)
Here is a historic recovery plan the only equivalent of which was Roosevelt's New Deal after the 1929 crisis. Or the Marshall Plan, which provided US aid to Europe after the Second World War. The American Jobs Plan from US President Joe Biden provides a budget of 2,000 billion dollars over eight years for public investment. According to the White House, this figure would represent 1% of the country's GDP invested each year over these eight years.
In a statement issued by the White House, the Biden administration sounds the alarm about the decline in domestic public investment. A...
Here is a historic recovery plan the only equivalent of which was Roosevelt's New Deal after the 1929 crisis. Or the Marshall Plan, which provided US aid to Europe after the Second World War. The American Jobs Plan from US President Joe Biden provides a budget of 2,000 billion dollars over eight years for public investment. According to the White House, this figure would represent 1% of the country's GDP invested each year over these eight years.
In a statement issued by the White House, the Biden administration sounds the alarm about the decline in domestic public investment. This decline was accelerated by the previous Trump administration, which championed "less government".
Public investment in infrastructure has actually fallen by more than 40 % since the 1960s.. Admittedly, the United States is still the richest country in the world in terms of real GDP. But the country only ranks 13th position for the overall quality of its infrastructure.
According to Joe Biden, " After decades of disinvestment, our roads, bridges and water distribution systems have fallen into disrepair. Our electricity network is vulnerable to catastrophic failure. Too many people have no access to affordable broadband internet or quality housing, "says the Chairman.
This means a considerable effort for transport infrastructure which will considerably improve travel and the lives of passengers. Visit 620 billion dollars The funds earmarked will be used to repair motorways, rebuild bridges, improve ports and airports and public transport systems.
The New Orleans Louis Armstrong International terminal, the last to be inaugurated in the United States at the end of 2019 (Photo: D.R.)
"Marshall Plan" for transport
Roads and motorways. According to the Biden administration, 20% of the road network is in poor condition, i.e. 277,000 km of lanes and 45,000 bridges. Around ten of America's largest bridges are to be rebuilt and 10,000 other bridges in poor condition rehabilitated. More than 32,000 km of roads will also be renovated.
Public transport. The Department of Transportation estimates that $105 billion would be needed to buy 24,000 new buses, 5,000 railcars and repair 200 stations and thousands of rail tracks and electric signals. The Biden administration plans to spend $85 billion - double the current investment in public transport. Joe Biden hopes that Congress will approve 80 billion in rail investment, in particular for the modernisation of Amtrak, the US rail network.
Ports and airports. The American presidency wants to spend 25 billion dollars. The Biden administration notes that while American aviation is one of the densest in the world, no airport ranks in the top 25 in terms of comfort and facilities. The programme aims to modernise air traffic control, support the renovation of terminals and develop multimodal connectivity. Joe Biden is also asking Congress to approve an additional $17 billion for inland waterways, coastal ports, land ports of entry and ferries.
However, this ambitious programme will have to pass under the forks of the Congress. And given the scale of public spending, a number of Senators will most likely be reluctant to launch the country into such a programme. Even if it will create millions of jobs and ultimately give the country a world-class infrastructure. The battle over the Biden Plan has only just begun!
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