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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Infrastructure Investment and Jobs Act Funds Authorized for Highway by Fiscal Year and Amount Reduced by Construction Cost Inflation: 2012–2026

Figure

This line graph shows the dollar amount authorized by the Infrastructure Investment and Jobs Act (IIJA) for fiscal years 2022 to 2026 and the high and modest inflation scenarios. The amount authorized increases from just of 70 billion dollars for fiscal year 2022 to 80 billion dollars in fiscal year 2026. Under the high inflation scenario only 224.2 billion dollars can be bought with the 379.3 billion dollars allotted for highways. In other words, only 60 percent of what could have been bought in 2021.

Dataset Excel:

F4_16_IIJA.xlsx (65.42 KB)

Notes:

A “high inflation scenario” is the amount that could be bought with allocated IIJA funding for transportation assuming construction costs continue to grow at the average of the 2019 and 2021 annual growth. A “modest inflation scenario” is the amount that could be bought with allocated IIJA funding for transportation assuming construction costs continue to grow at the average of the 2021 and 2022 annual growth. For more information about IIJA and funds allocated, refer to https://data.bts.gov/stories/s/cvki-zubk as of September 2024.

Description:

This bar chart is from the 2024 Transportation Statistics Annual Report.

Source:

U.S. Department of Transportation, Bureau of Transportation Statistics, “Increases in Highway Construction Costs Could Reduce IIJA Funding Allocated to Transportation Up to 40% Over the Next Five Years,” available at https://www.bts.gov/data-spotlight/increases-highway construction-costs-could-reduce-bil-funding-allocated as of September 2024.

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