Every $1 increase in federal highway, bridge, and public transit investment under the Infrastructure Investment & Jobs Act (IIJA) will generate as much as $3.60 in economic activity, according to a new analysis from IHS Markit.
According to the American Road & Transportation Builders Association (ARTBA), who commissioned the analysis, IHS Markit is a global information leader with expertise spanning numerous industries, including leading positions in finance, energy and transportation.
The major economic benefits documented in the study—according to ARTBA—include:
