Seplat Petroleum Development : Chair DeFazio Releases $760 Billion Framework to Make Transformative Infrastructure Investments Across U.S.

Today, Transportation and Infrastructure Committee Chair Peter DeFazio (OR-04) released a framework for a five-year, $760 billion investment in infrastructure that would address some of the country's most urgent infrastructure needs, from addressing the massive maintenance backlog, to designing safer streets, to putting the U.S. on a path toward zero emissions from the transportation sector and increasing resiliency.

The framework would bolster the Federal role in order to help communities around the country undertake transformative projects that are smarter, safer, and made to last.

Among other things, the framework outlines major investments, including those in highways, rail, and transit systems, airports, ports and harbors, wastewater and drinking water infrastructure, brownfields, and broadband.

It's infrastructure investment that is smarter, safer, and made to last - with a framework that:

• Brings existing infrastructure into a state of good repair and enables the completion of critical projects through long-term, sustainable funding.
• Sets a path toward zero carbon pollution from the transportation sector, creating jobs, protecting our natural resources, promoting environmental justice, and increasing resiliency to climate change.
• Ensures a transportation system that is green, affordable, reliable, efficient and provides access to jobs.
• Provides safe, clean, and affordable water and wastewater services.
• Prioritizes the safety of the traveling public.
• Helps combat climate change by creating good-paying jobs in clean energy, investing in energy efficiency and reducing greenhouse gas pollution.
• Expands broadband internet access, adoption for unserved and underserved rural, suburban, and urban communities.
• Modernizes 9-1-1 public safety networks.
• Creates family-wage jobs with Davis-Bacon and other strong worker protections.
• Supports U.S. industries, including steel and manufacturing, through strong Buy America protections.

'Our country has changed dramatically since the 1950s, yet people and goods are now literally stuck trying to move on transportation networks first developed nearly 70 years ago. It's past time for transformational investments to make our infrastructure smarter, safer, and resilient to climate change, or else we will keep throwing money at an antiquated system that is only holding us and our economy back,' Chair DeFazio said. 'The framework we released today is the launchpad we need to move forward on those transformational investments and curb carbon pollution. In the coming months, I look forward to continuing our work to make this framework a reality. The cost of inaction is too great.'

Text of the Moving Forward Framework is here.

A Factsheet is here.