Six months into the roll out of the Infrastructure Investment and Jobs Act, inflation, coupled with chronically high cost of building U.S. transportation projects, is proving to be the biggest challenge. And the longer it takes to spend the money, the more cost pressures threaten to swallow the once-in-a-generation level of funding. “Externally our biggest headwind is the current economic environment,” said Katie Thomson, director of the Bipartisan Infrastructure Law Implementation at the U.S. Department of Transportation, speaking Wednesday during a webinar on the six-month anniversary of the IIJA hosted by the Eno Center on Transportation.
Source: The Bond Buyer
