Indiana will receive at least $7.92 billion in road, bridge, transit and other transportation focused funding.
A recent Midwest Economic Policy Institute (MEPI) Policy Brief summarizes transportation funding under the Infrastructure Investment and Jobs Act (IIJA) and outlines what Indiana can expect to receive. This document provides additional information on funding under the IIJA, specifying the distribution by program, years, and FY2022 amounts above baseline FY2021.
The IIJA was signed into law by President Biden on November 15, 2021. The IIJA makes $1.2 trillion in funding available for a variety of infrastructure improvements, including transportation, energy, water, and broadband systems. The bill includes $550 billion in new federal funding, in addition to reauthorizing highway, public transportation, and rail programs for five years. The MEPI Policy Brief solely focuses on transportation funding, and is the most comprehensive look to-date on the share that Indiana is estimated to receive.
Specifically, new funding for transportation totals $284 billion across the United States. Roads and bridges, rail, and airport, port, and waterway programs receive the bulk of the new funding, amounting to $110 billion, $66 billion, and $42 billion, respectively. Public transit will receive $39 billion of total new transportation funding. Electric vehicle infrastructure, safety, and reconnecting communities programs total $27 billion altogether. This funding will be distributed by formulas to states, in addition to competitive grants, which are expanded upon below.
Of this, Indiana will receive more than $7.92 billion in road, bridge, and transit focused funding.
- $6.569 billion in road and bridge formula funding, including two new programs
- $401 million in new Bridge Replacement, Rehabilitation, Preservation, Protection, and Construction Formula Program
- $100 million in new National Electric Vehicle Formula Program
- $680 million in transit formula funding
- $170 million to fund improvements to Indiana airports
The IIJA will boost infrastructure investments in the State of Indiana, increasing total funding for roads and bridges in Indiana by 21% in the first year. Total funding for public transit systems in the state will increase by 30% in the first year.