Key West Transit Development Plan FY2025-2034

5.0 Review of Plans and Studies

5.0.3 Federal Plans/Programs: Bipartisan Infrastructure Law (2022)

The Bipartisan Infrastructure Law (BIL) makes funding available for local governments to modernize the nation’s transportation infrastructure, with more than $65 billion for infrastructure investment. The BIL includes over $6.5 billion in competitive grant funding for bridge investments, safe streets, multi-modal, multi-jurisdictional projects, railroad crossing elimination, charging, and fueling infrastructure grants to support electric vehicles, resilient infrastructure improvements, and others. BIL also expands funding for Infrastructure for Rebuilding America (INFRA) Grants, Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Grants, Surface Transportation Block Grants, and the Carbon Reduction Program. The bill also allocated funding for transit ADA investments, increased funding for the Capital Investment Grant program, and expansion of passenger rail. Inflation Reduction Act (2022) The Inflation Reduction Act (IRA) targets investments to decarbonize the transportation sector. The Act creates a tax credit that will provide $7,500 for new and $4,000 for used electric vehicles. $7.5 billion is being used to support the rollout of electric vehicle charging infrastructure to install over 500,000 charging stations. The Act also targets the heavy-duty vehicle sector by allocating $1 billion to support zero-emission heavy-duty vehicles, including buses.

Transit Development Plan FY 2025–2034

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