Home New mexico tax New Mexico set to receive billions in historic infrastructure investments

New Mexico set to receive billions in historic infrastructure investments

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During a video conference today, members of the New Mexico congressional delegation clockwise from left, US Rep. Teresa Leger Fernández, US Sen. Martin Heinrich, Ben Ray Luján and US Rep. Melanie Stansbury discussing how the Infrastructure Investment and Jobs Act will deliver for New Mexico. Screenshot / LADP

From the office of US Senator Martin Heinrich:

  • Over $ 3.7 billion in formula funding will automatically go to New Mexico, along with the ability to apply for large amounts of competitive funding

WASHINGTON, DC – Today, U.S. Senators Martin Heinrich (DN.M.) and Ben Ray Luján (DN.M.), and U.S. Representatives Teresa Leger Fernández (DN.M.) and Melanie Stansbury (DN.M. .) held a video press conference to discuss how the bipartisan infrastructure investment and jobs law will deliver in New Mexico.

VIDEO: Members of the New Mexico delegation discuss how the bipartisan Infrastructure Investment and Jobs Act delivers in New Mexico

The bill includes billions of dollars to invest in transportation, energy and water infrastructure and a number of provisions championed by lawmakers. This is the largest long-term investment in our infrastructure and our competitiveness in almost a century.

This legislation was passed by both the United States Senate and the United States House of Representatives and is now going to President Joe Biden for enactment.

The Rebuild Better Act, which cuts costs, creates jobs and cuts taxes, while tackling the climate crisis, is also making headway in Congress. It is estimated that the two bills combined will add on average 1.5 million jobs per year for the next 10 years.

“This historic infrastructure package complements the US bailout, the major pandemic and economic stimulus bill we passed earlier this year. It will mean hundreds of thousands of well-paying jobs and ensure that our country’s infrastructure meets the needs of the 21st century. I was proud to have secured substantial investments in transmission, clean energy, water infrastructure, forest fire mitigation and hydrogen, ”said Heinrich. “We must now act quickly on the Build Back Better law to respond to the climate crisis, reduce costs for families and ensure that the richest workers and big companies pay their fair share. Democrats in our federal delegation recognize the challenges our state faces and the incredible opportunity we currently have to do something about it. I will continue to do whatever I can to make a real difference in the lives of New Mexicans.

“Whether it’s tackling the climate crisis head-on, expanding broadband access and giving small businesses a much needed boost, this bipartisan legislation is moving our country forward at the right time. precisely when help is needed most. Biparty Infrastructure Investment and Jobs Act Takes Historic Steps to End Drunk Driving with the Inclusion of My RIDE Act – legislation I have drafted that will require advanced technology drunk driving in all new vehicles so that no family has to endure the grief of losing a loved one. The legislation also includes my REGROW Act, legislation I drafted to clean up the thousands of orphaned oil and gas wells that are leaking methane and posing serious health risks to our communities. This is an issue I have been working on since March 2020 as a member of House Leadership. And now, it is absolutely essential that the United States Senate push to finish the job and implement the Build Back Better Act for the American people, ”said Luján.

“Last week, I was proud to vote in the House to pass the bipartisan Infrastructure Investment and Jobs Act to send more than $ 3.7 billion to New Mexico. This bill will create thousands of well-paying jobs for New Mexicans to modernize our roads, bridges, water and broadband infrastructure, ”Stansbury said. “It is a game changer for our communities, especially our rural and tribal communities and small businesses. But funding our physical infrastructure alone is not enough – we must invest in our working families by adopting President Biden’s comprehensive agenda with the Build Back Better Act. “

“Passing the Infrastructure Investment and Jobs Act is a victory for every community in New Mexico. I am proud to have helped secure investments in broadband, water infrastructure, including the Navajo Gallup water supply project, and funding to plug orphan wells, ”said Leger Fernández. “This bill is important to New Mexicans, and we are not done yet. We must now pass the Build Back Better law to lower the cost of prescription drugs, expand the expanded child tax credit, provide paid family leave, free pre-kindergartens, and tax cuts for families and children. workers. Our communities need us to invest in the values ​​and heart of our nation. The Build Back Better Act is para la gente, for our community, and we need it now.

Specifically for New Mexico, the Infrastructure Investment and Jobs Act:

Repair and rebuild our roads and bridges with a focus on climate change mitigation, resilience, equity and safety for all users, including cyclists and pedestrians. Based on the funding formula alone, New Mexico would expect to receive $ 2.5 billion for federal assistance programs allocated to highways and $ 225 million for bridge replacement and repair under of the Law on Investment and Employment in Infrastructure over five years. New Mexico can also compete for the $ 12.5 billion bridge investment program for economically important bridges and nearly $ 16 billion in domestic funding in the bill dedicated to large projects that will bring benefits. economic benefits to communities.

Build a network of EV chargers to facilitate long distance travel and provide convenient charging options. The US market share of plug-in electric vehicle sales is only a third of the size of the Chinese electric vehicle market. The bill invests $ 7.5 billion to create the first-ever national network of electric vehicle chargers in the United States and is a critical component in accelerating the adoption of electric vehicles to address the climate crisis and support domestic manufacturing jobs. Under the Infrastructure Investment and Jobs Act, New Mexico would expect to receive $ 38 million over five years to support the expansion of an electric vehicle charging network in the state. New Mexico will also have the option of claiming the $ 2.5 billion in dedicated electric vehicle charging subsidies in the bill.

Help connect more Americans to reliable, affordable high-speed internet. 10.7% of New Mexicans live in areas where, according to the FCC benchmark, there is no broadband infrastructure. Even where infrastructure is available, broadband can be too expensive to reach. 21% of New Mexico households do not have an Internet subscription. Under the Infrastructure Investment and Jobs Act, New Mexico will receive a minimum allocation of $ 100 million to help provide statewide broadband coverage, including access to at least 223,941 Neo -Mexicans who currently lack it. And, under the Infrastructure Investment and Jobs Act, 785,000 or 38.1 percent of New Mexico residents will be eligible for the Affordability Connectivity Benefit, which will help low-income families access the Internet.

Prepare more of our infrastructure for the impacts of climate change, cyber attacks and extreme weather events. From 2010 to 2020, New Mexico experienced 14 extreme weather events, which cost the state up to $ 5 billion in damage. Under the Infrastructure Investment and Jobs Act, based on historic formula funding levels, New Mexico will expect to receive $ 38 million over five years to protect against wildfires and $ 13 million dollars to protect against cyber attacks. New Mexicans will also benefit from the bill’s historic $ 3.5 billion national investment in weatherization, which will lower energy costs for families.

Improve access to drinking water and reduce the country’s lead pipes and pipelines. Currently, up to 10 million American homes and 400,000 schools and daycares lack clean water. Under the Infrastructure Investment and Jobs Act, based on the traditional state revolving fund formula, New Mexico will expect to receive $ 355 million over five years to improve water infrastructure throughout the state. and move closer to ensuring that drinking water is a right in all communities.

Improve our country’s airports. The United States has built modern aviation, but our airports are far behind our competitors. Under the Infrastructure Investment and Jobs Act, airports in New Mexico will receive approximately $ 90 million for airport infrastructure development over five years.


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