Current:Home > FinanceEthermac|Biden unveils nearly $5 billion in new infrastructure projects -Thrive Capital Insights
Ethermac|Biden unveils nearly $5 billion in new infrastructure projects
TradeEdge View
Date:2025-04-07 08:35:37
Washington — President Biden unveiled a nearly $5 billion investment for dozens of infrastructure projects throughout the country on EthermacThursday during a visit to a Superior, Wisconsin, including a key bridge connecting the state to Minnesota.
The investment targets 37 major infrastructure projects throughout the country across at least 12 states, with much of the funding going toward repairing and building new bridges. Among the investments is $600 million to replace the I-5 bridge that connects Washington and Oregon; $372 million for the Sagamore Bridge in Cape Cod, Massachusetts; and $1.06 billion to replace the Blatnik Bridge that runs between Wisconsin and Minnesota, near where Mr. Biden appeared for the announcement on Thursday.
The president surveyed the bridge site ahead of his speech, taking time to speak with iron workers. He called the Blatnik Bridge a "vital" link for the nation's economy.
"For decades, people talked about replacing this bridge. But it never got done — until today," Mr. Biden said, to applause from the brewery where he spoke. "I'm beyond proud to announce $1 billion from the bipartisan infrastructure law will be used to build this new bridge — a new bridge that will increase capacity for large trucks and oversized loads, a new bridge with a modern design, wider shoulders, smoother on-and-off ramp, a new bridge with a shared path for pedestrians and cyclists."
"This funding is part of a larger $5 billion investment led by the Department of Transportation for 37 major projects across America, including bridges, highways, ports, airports," the president continued.
White House principal deputy press secretary Olivia Dalton called this a "full-circle moment" for the president, who visited the bridge site about two years ago.
The announcement is part of the administration's broader strategy to invest in infrastructure projects, after passing signature legislation like the Bipartisan Infrastructure Law, the Inflation Reduction Act and CHIPS and Science Act earlier in Mr. Biden's presidency. The new projects add to more than $400 billion for 40,000 infrastructure projects that the White House previously unveiled. The White House and Biden campaign are looking to tout infrastructure projects heading into the general election.
- Sagamore Bridge replacement project gets hundreds of millions from Biden administration
The president has made it clear he believes former President Donald Trump will be his competition in November, a belief that's increasingly reflected in his speeches.
"He talked about infrastructure every week for four years. 'Infrastructure week,'" Mr. Biden said of Trump on Thursday. "Well, we have infrastructure year. On my watch, instead of infrastructure week, America's having an infrastructure decade."
More than half of the funding announced Thursday, $2.8 billion, will go to projects in rural parts of the country, the White House said. Outside of the bridges, funding is also allocated for an offshore wind project in California, a new container terminal for shipping vessels in Louisiana and a rail improvement project in Nevada.
The president's visit to Wisconsin comes on the heels of the United Auto Workers endorsing him on Wednesday.
"Joe Biden bet on the American worker while Donald Trump blamed the American worker," UAW President Shawn Fain said in his announcement during the UAW's political convention in Washington, D.C. "We need to know who's gonna sit in the most powerful seat in the world and help us win as a united working class. So if our endorsements must be earned, Joe Biden has earned it."
- In:
- Infrastructure
Kathryn Watson is a politics reporter for CBS News Digital based in Washington, D.C.
veryGood! (38761)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Inside the 2024 Oscars Rehearsals With Jennifer Lawrence, America Ferrera and More
- 70-foot sperm whale beached off Florida’s Gulf Coast
- Liverpool and Man City draw 1-1 in thrilling Premier League clash at Anfield
- In ‘Nickel Boys,’ striving for a new way to see
- Why you should stop texting your kids at school
- Honolulu police say they are investigating the killings of multiple people at a home
- Ariana Grande Channels Glinda in Wickedly Good Look at the 2024 Oscars
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Slain woman, 96, was getting ready to bake cookies, celebrate her birthday, sheriff says
Ranking
- 2024 Olympics: Gymnast Ana Barbosu Taking Social Media Break After Scoring Controversy
- Eagles 6-time Pro Bowl defensive tackle Fletcher Cox announces his retirement after 12 seasons
- Coast Guard investigates oil spill spotted in California off Huntington Beach's coast
- Issa Rae's Hilarious Oscars 2024 Message Proves She's More Than Secure
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Theft of cheap gold-chain necklace may have led to fatal beating of Arizona teen, authorities say
- South Carolina’s Kamilla Cardoso shoves LSU’s Flau’jae Johnson, is ejected with 5 other players
- Fletcher Cox announces retirement after 12 seasons with the Philadelphia Eagles
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
West Virginia Legislature ends session with pay raises, tax cut and failure of social issue bills
What to know about the SAVE plan, the income-driven plan to repay student loans
Margot Robbie Trades Barbie Pink for Shimmering Black at the 2024 Oscars
Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
Report and letter signed by ‘Opie’ attract auction interest ahead of Oscars
Lionel Messi injury: Here’s the latest before Inter Miami vs. Montreal, how to watch Sunday
The Wild Case of Scattered Body Parts and a Suspected Deadly Love Triangle on Long Island