construction money

NJ to Receive $1.14B Under Historic Bridge Investment

New Jersey will receive $1.14 billion under the historic Bridge Replacement, Rehabilitation, Preservation, Protection, and Construction Program (Bridge Formula Program), made possible by President Biden’s Bipartisan Infrastructure Law.

On a national basis, the program, which is to be administered by the Federal Highway Administration, represents the single largest dedicated bridge investment since the construction of the interstate highway system – providing $26.5 billion to states, the District of Columbia and Puerto Rico over five years and $825 million for Tribal transportation facilities. The total amount that will be available to states, D.C. and Puerto Rico in Fiscal Year 2022 is $5.3 billion along with $165 million for tribes. The FHWA also published initial guidance on the new program.

“The Biden-Harris Administration is thrilled to launch this program to fix thousands of bridges across the country – the single largest dedicated bridge investment since the construction of the Interstate highway system,” said U.S. Transportation Secretary Pete Buttigieg. “Modernizing America’s bridges will help improve safety, support economic growth, and make people’s lives better in every part of the country – across rural, suburban, urban, and tribal communities.”

Nationwide, the Bridge Formula Program is expected to help repair approximately 15,000 bridges. In addition to providing funds to states to replace, rehabilitate, preserve, protect, and construct highway bridges, the Bridge Formula Program has dedicated funding for Tribal transportation facility bridges as well as “off-system” bridges, locally owned facilities which are those not on the federal-aid highway system.

The Bipartisan Infrastructure Law includes an incentive for states to direct the new Bridge Formula Program funds to off-system bridges owned by a county, city, town or other local agency. While states generally must match federal funding with up to 20% state or local funding, the guidance issued today notes that federal funds can be used for 100% of the cost of repairing or rehabilitating such locally owned off-system bridges. The Bipartisan Infrastructure Law is being called a once-in-a-generation investment in infrastructure, which will grow the economy, enhance U.S. competitiveness in the world, create good jobs, and make our transportation system more sustainable and equitable. Specific to the FHWA, the Bipartisan Infrastructure Law provides more than $350 billion over five fiscal years for surface transportation programs.

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