Inflation is taking a toll on infrastructure projects across the U.S. Inflation is taking a toll on infrastructure projects across the U.S., driving up costs so much that state and local officials are postponing projects, scaling back others and reprioritizing their needs. Gillett had hoped the federal Infrastructure Investment and Jobs Act would finance a boom in highway and bridge construction. In addition to roads, the federal infrastructure bill includes billions of dollars for water projects, railways, airports, broadband internet, electric grids and green-energy projects over the coming years. Though Missouri forged ahead with this year's projects, inflation “will take a bite out of the future,” McKenna said.
Source: ABC News June 19, 2022 16:50 UTC