LATE last month, the Biden administration unveiled a US$2 trillion (RM8.28 trillion) infrastructure programme that aims to modernise American infrastructure. The American Jobs Plan has four major spending components over eight to 10 years.
First, invest US$621bil on clean energy, upgrading and repairing transport and key transit systems. Second, focus US$650bil on improving life in homes, schools with water and broadband systems. Third, spend US$400bil on caregivers to create jobs.
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