The Senate on Sunday announced an agreement on a $1 trillion bipartisan infrastructure package after long negotiations on the specifics of how roads, bridges, water, broadband and more would be funded.

The Infrastructure Investment and Jobs Act will contain $548 billion in new spending over the next five years. The final vote is expected in “a number of days,” according to Senate Majority Leader Chuck Schumer.

The American Society of Civil Engineers gives annual infrastructure grades each year. In 2021, the U.S. received a C- grade.

The deal marks the largest federal investment in public transit and clean drinking water.

Transportation

  • Roads, bridges, major projects: $110 billion
  • Passenger and freight rail: $66 billion
  • Public Transit: $39 billion
  • Airports: $25 billion
  • Port Infrastructure: $17 billion
  • Transportation safety programs: $11 billion
  • Electric vehicles: $7.5 billion
  • Zero and low emission buses and ferries: $7.5 billion
  • Reconnect communities: $1 billion

Other Infrastructure

  • Broadband: $65 billion
  • Power infrastructure: $73 billion
  • Clean drinking water: $55 billion
  • Resilience and Western water storage: $50 billion
  • Environmental remediation: $21 billion

The plan will be financed through a combination of funds, including repurposing unspent emergency relief funds from the pandemic and tax enforcement of cryptocurrency.

The goal of the plan is to improve transportation, rebuild roads and bridges, and reduce carbon emissions to mitigate the effects of climate change.