Treasury Announces First Awards from ARPA’s Coronavirus Capital Projects Fund
On June 7, 2022, the U.S. Department of Treasury announced its first awards under the American Rescue Plan’s Coronavirus Capital Projects Fund (CPF). The CPF provides $10 billion to states, territories and Tribal governments to fund capital projects that would enable work, education, and health monitoring in response to the pandemic. The first awards will go to Louisiana, New Hampshire, Virginia, and West Virginia for projects that aim to build reliable, affordable broadband infrastructure and other digital connectivity technology projects. The state plans, upon project completion are expected to deliver reliable internet service that meets or exceeds download and upload speeds of 100 megabits per second (Mbps). For more information on the awards and for each state’s plan to use them for broadband connectivity, click here.