US annual transportation spending increases by $3.4 billion
Annual funding for the US Department of Transportation (DOT) will increase by $3.4 billion in 2023 under the $1.7 trillion omnibus spending package.
Kallanish understands that the Consolidated Appropriations Act of 2023 includes $106.3 billion in funding for the nation's transportation department, which is $1.9 billion higher than the allocated annual funding requested by the Biden administration. This latest package includes an additional $800 million in grant funding for national infrastructure projects.
"We have a big bill here, because we have big needs for our country ... So, I rise in strong bipartisan support of this bipartisan omnibus government funding bill for us today to keep from shutting government down, but more importantly, to meet the needs of the American people," says US House Speaker Nancy Pelosi (California-Democrat).
In a breakdown of the package's spending, the DOT's Federal Highway Administration would receive $62.9 billion in fiscal 2023 including an allocated $3.4 billion for national highway infrastructure projects.
“This bill is good for our economy, our competitiveness, and our communities. This bill is further proof that Republicans and Democrats can come together to deliver for the American people," adds US President Joe Biden.
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