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Copper, the most critical metal, page-73

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    What are the nuts and bolts of the infrastructure deal?
    It is worth noting that the proposed infrastructure bill will entail a lot of road building, electricity grid upgrade, rail and bus upgrade. Great for base metals including copper
    https://www.nytimes.com/2021/08/10/us/politics/infrastructure-bill-passes.html

    Here are some of the details;

    With $550 billion in new federal spending, the measure would provide $65 billion to expand high-speed internet access; $110 billion for roads, bridges and other projects; $25 billion for airports; and
    the most funding for Amtrak since the passenger rail service was founded in 1971. It would also renew and revamp existing infrastructure and transportation programs set to expire at the end of September.


    It also includes
    $73 billion to update the nation’s electricity grid so it can carry more renewable energy, $7.5 billion to construct electric vehicle charging stations,$17.5 billion for clean buses and ferries, and $15 billion for removing lead pipes.

    It also includes money to restore lakes across the country, $66 billion in new funding for Amtrak and more funding for programs intended to provide safe commutes for pedestrians. It also creates a $350 million pilot program for projects that reduce collisions between vehicles and wildlife.

    The House has also passed its own infrastructure bill, which includes more money for climate change mitigation and nearly $5.7 billion to pay for 1,473 home district projects, or earmarks, that were vetted by the House Transportation and Infrastructure Committee.

    Lawmakers in both parties stuffed the package with myriad priorities and projects, including the reconstruction of an Alaskan highway, a ban on vaping on Amtrak and $1 billion for the restoration of the Great Lakes. The legislation also includes $24 million for restoration of the San Francisco Bay, $106 million for the Long Island Sound and $238 million for the Chesapeake Bay.

    https://hotcopper.com.au/data/attachments/3511/3511443-562d19a7736cc2dc51d9d955ff4a67f9.jpg


 
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