(CNN)A bipartisan group of senators unveiled the legislative text of the infrastructure bill on Sunday night after months of negotiations.
In total, the deal includes $550 billion in new federal investments in America’s infrastructure over five years.
However, it is far short of the $2.25 trillion proposal that President Joe Biden unveiled in March. That measure, known as the American Jobs Plan, included money for roads, bridges and public transportation, but it drew criticism from many Republicans for also making investments in areas not traditionally considered infrastructure, such as caregiving for aging Americans and workforce training.
Still, Senate Majority Leader Chuck Schumer touted the bill Sunday night.
“It’s been decades, decades since Congress passed such a significant standalone investment and I salute the hard work that was done here by everybody,” he said.
Changes can still be made before the bill is voted on. The Senate could make amendments to the text and then it must be sent to the House for approval before making its way to the President’s desk.
Here’s what we know so far about the latest version of the agreement, according to the bill text, as well as a fact sheet provided by the White House and a 57-page summary released last week.
Funding for roads and bridges
The deal calls for investing $110 billion for roads, bridges and major infrastructure projects, according to the summary. That’s about the same amount agreed to in a bipartisan bill in June but significantly less than the $159 billion that Biden initially requested in the American Jobs Plan.
Included is $40 billion for bridge repair, replacement and rehabilitation, according to the bill text. The White House says it would be the single, largest dedicated bridge investment since the construction of the interstate highway system, which started in the 1950s.
The deal also contains $17.5 billion for major projects that would be too large or complex for traditional funding programs, according to the White House.
Some 20%, or 173,000 miles, of the nation’s highways and major roads are in poor condition, as are 45,000 bridges, according to the White House.
The investments would focus on climate change mitigation, resilience, equity and safety for all users, including cyclists and pedestrians.
Also included in the package is $11 billion for transportation safety, including a program to help states and localities reduce crashes and fatalities, especially of cyclists and pedestrians, according to the White House. It would direct funding to highway, truck and pipelines and hazardous materials safety efforts.
And it contains $1 billion to reconnect communities, disproportionately Black neighborhoods, that were divided by highways and other infrastructure, according to the White House. It will fund planning, design, demolition and reconstruction of street grids, parks or other infrastructure.
Money for transit and rail
The package would provide $39 billion to modernize public transit, according to the bill text. That’s less than the $49 billion contained in the earlier bipartisan deal and the $85 billion that Biden initially wanted to invest in modernizing transit systems and help them expand to meet rider demand.
The funds would repair and upgrade existing infrastructure, make stations accessible to all users, bring transit service to new communities and modernize rail and bus fleets, including replacing thousands of vehicles with zero-emission models, according to the White House.
The deal would also invest $66 billion in passenger and freight rail, according to the bill text. The funds would eliminate Amtrak’s maintenance backlog, modernize the Northeast Corridor line and bring rail service to areas outside the northeast and mid-Atlantic regions, according to the White House. Included in the package is $12 billion in partnership grants for intercity rail service, including high-speed rail.
The funding is the same as in bipartisan framework but less than the $80 billion Biden originally wanted to send to Amtrak, which he relied upon for decades to get home to Delaware from Washington, DC.
It would be the largest federal investment in public transit in history and in passenger rail since the creation of Amtrak 50 years ago, according to the White House.
The bill would provide a $65 billion investment in improving the nation’s broadband infrastructure, according to the bill text.
Biden initially wanted to invest $100 billion in broadband.
It also aims to help lower the price households pay for internet service by requiring federal funding recipients to offer a low-cost affordable plan, b
New details unveiled in bipartisan infrastructure bill
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