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Biden Administration Announces $1 Trillion Infrastructure Investment
Historic Package Aims to Modernize Roads, Bridges, and Airports
Washington, D.C. - President Biden today announced a $1 trillion infrastructure investment package, the largest in American history. The plan aims to modernize the nation's infrastructure, including roads, bridges, airports, and broadband.
The investment will be funded through a combination of public and private sources. The federal government will provide $550 billion, while states, localities, and private companies will contribute the remaining $450 billion.
The package includes $115 billion for roads and bridges, $100 billion for broadband, $65 billion for airports, and $55 billion for water infrastructure. It also includes funding for climate-resilient infrastructure and workforce development programs.
"This is a historic investment in our nation's future," said President Biden. "It will create jobs, grow our economy, and make our country more resilient to climate change."
The infrastructure package is expected to create millions of jobs across the United States. It will also boost economic growth and improve the quality of life for all Americans.
The package has received bipartisan support in Congress. It is expected to be passed by both the House and Senate and signed into law by President Biden.
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