Colorado would see nearly $ 5 billion from President Joe Biden’s infrastructure measure, which is now being debated in the US Senate, the White House said on Wednesday.
Under the $ 1 trillion infrastructural investment and jobs bill, which is initially supported by both parties in the Senate, Colorado’s stake would be used for highways, bridges, public transportation, electric vehicle charging stations, and high-speed broadband, according to a breakdown Money from White House officials.
These are exactly the same things that Governor Jared Polis asked Transportation Secretary Pete Buttigieg to include in any federal infrastructure bill in July.
“For decades, the infrastructure in Colorado has suffered from a systemic lack of investment,” said a White House statement. “In fact, the American Society of Civil Engineers gave Colorado a C rating on their infrastructure certificate.”
The money the state is expected to receive if the bill in its current form passes all of Congress would be almost the same amount the state expects from a new transportation finance measure approved by the Colorado Legislature earlier this year, and this would be the case in less than half the time.
This new law, SB260, would raise $ 5.7 billion over 11 years by introducing new charges on gasoline, electric vehicles, and delivery services, to name a few.
Most of the federal infrastructure money in Colorado, $ 3.7 billion over five years, would go to highways across the state and another $ 225 million to the bridges.
Another $ 917 million could go to the state for public transportation projects, also over five years, and $ 57 million would be used for EV charging stations. The state could also compete for more grant funds for more broadcasters.
Ultimately, the infrastructure measure would allocate $ 100 million to expand the broadband network, especially for those who do not have it or have inferior service. It would also give low-income Coloradans access to scholarship programs to pay monthly internet access fees.
The White House added that more details on what the state will receive will be revealed in the coming weeks.