On Oct. 5, The U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced that it has allocated $61 billion in Fiscal Year 2024 apportionments for 12 formula programs to support investment in critical infrastructure, including roads, bridges and tunnels, carbon emission reduction, and safety improvements, as well as workforce development to support these investments, utilizing funding from the Bipartisan Infrastructure Law.
The $61 billion in funding for Fiscal Year 2024 is the third year of funding under the Bipartisan Infrastructure Law and represents an increase of $17.6 billion in formula programs as compared to Fiscal Year 2021, the last fiscal year before the Bipartisan Infrastructure Law was implemented.
Allocation of funding by state and program can be viewed at FHWA’s Bipartisan Infrastructure Law Funding web page, organized by fiscal year.
“These historic investments in American infrastructure give States the flexibility they need to determine how to allocate funds for a range of transportation projects such as improving safety for all road users, replacing aging bridges, and reducing carbon emissions,” said Federal Highway Administrator Shailen Bhatt, in a statement.
Federal-aid Highway Program funds are authorized periodically by Congress in multi-year laws to assist the States in providing for construction, reconstruction, and improvement of highways and bridges on eligible Federal-aid routes and for other special purpose programs and projects. The Bipartisan Infrastructure Law established or continued FHWA programs and authorized funding for those programs from the Highway Trust Fund and General Fund.
