President Joe Biden signed the Bipartisan Infrastructure Investment and Jobs Act into law today, delivering on a key campaign promise by making a once-in-a-generation investment in our nation’s infrastructure. This bill is the product of months of hard work from Democrats like Governor Michelle Lujan Grisham, Senator Martin Heinrich, Senator Ben Ray Luján, Representative Teresa Leger Fernandez, and Representative Melanie Stansbury.
“President Biden is keeping his promise to voters and enacting legislation that will go directly towards improving the lives of all New Mexicans,” said DPNM Chair Jessica Velasquez. “This much-needed investment in our infrastructure will create good-paying jobs, grow our economy, and make improvements to critical infrastructure like our roads, bridges, drinking water systems, and broadband. Today is a great day for New Mexicans, and we’re grateful for the hard work and leadership of President Biden and New Mexico Democrats.”
New Mexico stands to benefit tremendously from the bipartisan Infrastructure Deal. Based on funding formula alone, our state would expect to receive:
- $2.5 billion to improve highways and $225 million for bridge replacement and repairs over five years.
- $372 million over five years to improve public transportation options across the state.
- A minimum of $100 million to help provide broadband coverage across the state. 785,000 or 38.1% of people in New Mexico will also be eligible for the Affordability Connectivity Benefit, which will help low-income families afford internet access.
- $355 million to improve water infrastructure across New Mexico and ensure that clean, safe drinking water is a right in all communities.
- $38 million to protect against wildfires and significant benefits from the bill’s historic $3.5 billion national investment in weatherization, including reduced costs for New Mexican families
- Significant funding to clean up orphaned oil and gas wells, which could create an estimated 65,000 jobs in Southern New Mexico.