The federal Infrastructure Investment and Jobs Act is set to have a big impact on Alaska over the next five years, but forecasting how the money will be spent in Alaska is still a work in progress.
, he explained how the infrastructure bill is different from the previous federal money that came through the state recently – such as those from the CARES Act.
He added that a majority of these funds will come through existing programs. For example, Alaska’s Department of Transportation and Public Facilities will see an increase in their existing formula funds. They also received $45 million in the first year for bridge repairs, and Anderson said there will be a lot of bridge work done across the state through that funding. He added they’re still waiting on further guidance about their funding from the federal government.The infrastructure bill will provide opportunities for new spending, like Denali Commission, which received $75 million through the federal funds.
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