FHWA Announces $62 Billion in Infrastructure Funding

Oct. 3, 2024
The federal capital will go to 12 formula programs

On Tuesday, the Federal Highway Administration (FHWA) announced $62 billion in Fiscal Year 2025 funding for 12 formula programs. These investments from the bipartisan Infrastructure Investment and Jobs Act (IIJA) will help states fund infrastructure projects. 

“With over 60,000 projects funded through our Bipartisan Infrastructure Law, we continue to deliver on the decades-long promise to invest in American infrastructure,” said U.S. Transportation Secretary Pete Buttigieg. "The $62 billion the Biden-Harris Administration announced today will help communities in Arkansas continue to rebuild roads and bridges, implement new and innovative transportation solutions, strengthen our supply chains, and create good-paying jobs nationwide." 

Some of the states receiving funding are Arkansas with $800 million, Louisiana with $1.22 billion, Wyoming with $411 million, Kansas with $585 million and Texas with $5.69 billion. 

The fourth year of funding under the Bipartisan Infrastructure Law provides $62 billion in funding for Fiscal Year 2025. This is a $18.8 billion increase compared to Fiscal Year 2021. 

“The Biden Harris Administration’s Bipartisan Infrastructure Law was signed into law less than three years ago, and yet we are in the midst of an infrastructure decade celebrating historic funding investments to all 50 states, the District of Columbia, and Puerto Rico,” said Acting Federal Highway Administrator Kristin White.

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Source: FHWA, WVLA, KXAN

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