Latest news with #2021InfrastructureInvestmentandJobsAct
Indian Express
3 days ago
- Business
- Indian Express
Top 10 upcoming infrastructure projects in US: High-speed rail to JFK airport expansion
The United States is undertaking some of its most ambitious infrastructure projects in 2025. With funding from federal legislation such as the 2021 Infrastructure Investment and Jobs Act and the CHIPS and Science Act, the construction sector is being reshaped across key areas rail, energy, airports, and transit systems. According to Forbes, public sector spending is growing steadily at 5–6 per cent a year, while private non-residential projects like chip factories and data centres are leading in growth. Blackridge Research notes that construction activity continues to be driven by large-scale megaprojects aimed at improving mobility, sustainability, and economic resilience. Sector: Rail Cost: $135 billion Location: California This rail project will span more than 800 miles, connecting key cities including San Francisco, Los Angeles and San Diego. Once complete, it will reduce travel time between LA and San Francisco from 10 hours to 3. The project has created nearly 15,000 jobs and is being funded by both federal and private sources. 'The California High-Speed Rail is the most ambitious transportation project in the country,' Blackridge showing . 'Its full impact will be seen in reduced travel time and emissions.' Sector: Public Transit Cost: $54 billion Location: Washington (Seattle–Tacoma) ST3 will expand the Seattle area's light rail system by 62 miles and add 37 new stations. The goal is to serve 600,000 daily passengers by 2046. The plan also includes bus rapid transit and commuter rail improvements. 'It is a long-term solution to urban congestion and regional connectivity,' according to Blackridge Research. Sector: Public Transit Cost: $42.9 billion Location: Los Angeles, California This initiative aims to complete 28 major transit projects before the 2028 Olympics. While 20 are on track, funding is needed for the remaining ones. The projects include light rail lines, highway upgrades, and new bus corridors. Sector: Rail Cost: $41.6 billion Location: Texas (Dallas–Houston) This privately led high-speed rail line aims to cut travel time between Dallas and Houston to 90 minutes. The trains will use Japanese Shinkansen technology. However, the project faced a setback when a federal grant was withdrawn in 2025. 'This could be a game-changer for intercity travel in the South,' Blackridge noted. Sector: Urban Development Cost: $25 billion Location: New York City Hudson Yards is the largest private real estate project in US history. Built above active rail yards, it includes offices, homes, parks, and shops. The development contributes over $19 billion a year to NYC's economy and employs more than 50,000 people. Sector: Aviation Cost: $19 billion Location: New York This project includes new terminals, expanded runways, and a central transportation hub. The New Terminal One alone will cover 2.6 million square feet and handle international flights. The aim is to make JFK a world-class airport by 2030. JFK is being transformed to meet the travel needs of the future. Sector: Rail Cost: $16.1 billion Location: New York / New Jersey The Gateway Program includes building two new tunnels under the Hudson River and rehabilitating the existing ones. Work started in 2023 and includes utility relocation and concrete casing work at Hudson Yards. The project will ease pressure on one of the busiest rail corridors in the country. Sector: Rail Cost: $12 billion Location: California–Nevada This new line will link Las Vegas and Southern California along a 218-mile route. Trains will run at high speeds on dedicated tracks along Interstate 15. The project is expected to be completed by the end of 2028. Sector: Renewable Energy Cost: $11 billion Location: New Mexico–Arizona This clean energy project will generate over 3,500 MW of wind power in New Mexico and deliver it to Arizona through a 550-mile transmission line. It is the largest renewable project in US history and could generate $20.5 billion in economic benefits. Sector: Public Transit Cost: $9.5 billion Location: Los Angeles, California The D Line extension will bring subway service from Koreatown to Westwood. The project adds seven stations in three phases and is expected to open fully by 2027. It is funded by local sales tax and state/federal support. The US infrastructure landscape in 2025 reflects a shift towards sustainable transport, cleaner energy, and improved urban design. These top 10 projects, backed by both public and private investments, represent long-term economic planning and changing mobility patterns.
Yahoo
30-04-2025
- Automotive
- Yahoo
MnDOT announces second round of funds for new EV charging stations, including 1 in Albert Lea
Apr. 29—The Minnesota Department of Transportation on Tuesday announced 12 future locations of new electric vehicle charging stations along interstates 90 and 94 from nearly $10 million in state and federal funding through the National Electric Vehicle Infrastructure (NEVI) program, which was part of the 2021 Infrastructure Investment and Jobs Act passed by Congress in 2021. While the federal NEVI program was recently suspended and its future is uncertain, MnDOT secured $4.5 million for this second round of funds and will provide another $4.7 million in state funding to total $10 million. This funding supports MnDOT's mission to build an EV charging network statewide, especially along important travel and business corridors. An initial round of funding awards was announced in July 2024. "MnDOT remains committed to continuing our work to deliver a high-quality transportation system that meets the needs of Minnesotans. Building an EV charging infrastructure provides greater access to a fast-charging network and continues our progress toward our goals of reducing greenhouse gas emissions," said Commissioner Nancy Daubenberger. "While we were disappointed to learn the Trump Administration has chosen to suspend this program, this second round of grants demonstrate we are honoring our commitments and continue to evaluate all options for continuing this important work." Locations selected: * Kwik Trip — Albert Lea * Kwik Trip — Austin * Kwik Trip — Stewartville * Love's Travel Stops — St. Charles * Energy Hunters Minnesota — Barnesville * Francis Energy Charging — Fergus Falls * Love's Travel Stops — Rockville * Kwik Trip — Lake Elmo * Francis Energy Charging — Luverne * Kwik Trip — Worthington * Francis Energy Charging — Jackson * Francis Energy Charging — Blue Earth The new 12 EV charging station locations, and previously announced 12 sites, were selected because they met the following requirements: * Located no more than 50 miles apart along the Alternative Fuel Corridor * Located less than one mile driving distance from an interstate exit * Have a minimum of four 150 kW charging ports able to operate simultaneously * Are open to the public 24 hours a day, seven days a week with no entry fee to access the chargers You can find EV charging stations statewide on MnDOT's 511 traveler information website and mobile app by clicking on the EV Charging Stations layer. You can also visit MnDOT's electric vehicle planning website to stay updated on this work and our NEVI website has additional details about the funding.
Zawya
11-04-2025
- Business
- Zawya
Trump signs bill to nullify expanded IRS crypto broker rule
U.S. President Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurrency exchanges, according to a statement from the White House. In the last weeks of the Biden administration in December, the IRS updated its crypto tax reporting rule that it had finalized earlier in 2024 to clarify that its new guidelines would also apply to decentralized finance - or DeFi - exchanges. Both the House of Representatives and the Senate in March voted to nullify the revision through the Congressional Review Act, which allows Congress to reverse new federal rules with a simple majority. The cryptocurrency industry had slammed the revised rule, claiming that it was unworkable for DeFi platforms, and called on Republicans to rescind it. Centralized exchanges such as Coinbase and Kraken act as the intermediary between buyers and sellers, while DeFi exchanges aim to cut out the middleman and allow users to transact directly on a blockchain network, which powers cryptocurrencies. Crypto industry participants argued that because DeFi exchanges don't act as intermediaries, they don't have visibility into who their users are, making it impossible to comply with the IRS rules. The new IRS framework finalized last year aimed to crack down on crypto users who may be failing to pay their taxes, and stemmed from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. It required digital asset brokers to send the forms to both the IRS and digital asset holders to assist with their tax preparation. Trump on the campaign trail pledged to be a "crypto president" and courted cash from the industry by promising to promote the adoption of digital assets. In his first week in office, Trump ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations, and in March signed an executive order to create a federal stockpile of bitcoin.
