NEW YORK (CBSNew York) – President Joe Biden signed his $ 1.2 trillion, a bipartisan infrastructure package in law On Monday.
Union leaders and elected officials including New York Governor Kathy Hochul, New York Mayor Bill de Blasio and Connecticut Governor Ned Lamont attended the signing on the White House lawn.
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It’s a bipartisan victory for the president, CBS2’s Dick Brennan reported.
It took compromises to convince Republicans in the Senate, but many agree it’s a giant leap to modernize infrastructure that has been in decline for decades.
“We can deliver real results for people,” Biden said. “We can deliver real results for real people. “
Biden said the bill would rebuild America.
“My message is America is on the move again. Life will change for the better, ”Biden said.
The bill includes $ 110 billion for roads and bridges, $ 105 billion for railways and transit, $ 65 billion for broadband infrastructure upgrades and $ 55 billion in investments in drinking water.
“Today, we tell the American people that an infrastructure bill is finally here,” said Senator Chuck Schumer.
As CBS2’s John Dias reported, the bill will have a direct impact on the tri-state region.
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The Metropolitan Transportation Authority is raising billions to improve the New York City subway system, including extending the subway from 2nd Avenue to Manhattan.
“We have literally been waiting for this kind of infrastructure investment in this city for decades,” said de Blasio.
Governor Hochul said the deal does not mean any increase in MTA tariffs in 2023-2024.
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“The Infrastructure and Jobs Act will help New York City create thousands of jobs,” said Hochul, who added New Yorkers will see change quickly.
“Over $ 14 billion for roads and bridges, $ 10 billion for transit through the state, $ 3 billion for clean water, $ 100 million for broadband deployment, anything. that we hear about every day, ”Hochul said.
Amtrak is also expected to hit the jackpot.
“If we want the 21st century to be another American century, then we must build the infrastructure that our business and our workers need to win,” said Senator Bob Menendez.
The bill provides for record investments in New Jersey’s aging infrastructure, providing funding for the Gateway program, which is expected to double the number of passenger trains under the Hudson River to Penn Station.
Commuters told CBS2 they were cautiously optimistic.
“They definitely need more trains,” said Penny Perillo, of Eatontown, New Jersey.
“You are looking at railroad tracks that are over 100 years old,” said Miles Edwards, of Essex Fells, New Jersey. “Something has to be done and it has to be done now. “
Biden also acknowledged the damage caused by Hurricane Ida and the importance of reconstruction.
“I headed for New York… More people died there than in the hurricane. More people have died in the flooding, ”Biden said.
Critics of the bill and another social spending bill the president hopes to pass have said they will trigger higher inflation, which has recently spiked.
The Biden administration says inflation will come down when supply chain issues are eased.
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John Dias of CBS2 contributed to this report.