$8 Billion of the $10 Billion Capital Projects Fund is being spent for broadband

Joseph Wender, director of the Capital Projects Fund (CPF), said that the program has awarded all the states and territories their portion of the $10 billion fund, and the awardees have decided to spend $8 billion on broadband infrastructure projects. The CPF was created as part of the American Rescue Plan Act (ARPA), which became law in March 2021. ARPA included a variety of programs to help Americans during and after the Covid crisis. The $10 billion Capital Projects Fund gave states funding for critical projects to enable work, education and healthcare in response to the public health crisis. Providing an update on the Capital Projects program, Wender said, “States have chosen to use $8 billion of the $10 billion for broadband. They report to us that when it’s done in 2026, over 2 million locations that previously did not enjoy high-speed broadband will have it as a result of our funds.”