Signed into law by President Biden Nov. 15, the Infrastructure Investment and Jobs Act would invest roughly $17 billion in port and waterways infrastructure.
About two-thirds of this funding is expected to be used toward construction and major habitat restoration projects, and the rest toward operations/maintenance and other projects.
This law includes a total of $2.5 billion of 100% federal funding for authorized U.S. Army Corps of Engineers (USACE) construction and major rehabilitation projects on inland waterways.
Projects will receive priority based on the recommendations included in the USACE 2020 Capital Investment Strategy.
USACE’s Operations and Maintenance account under the Civil Works mission is expected to receive $4 billion.
Within 60 days of the bill’s enactment, USACE’s Chief of Engineers must submit a project-specific spending plan to House and Senate appropriations committees.