PITTSBURGH: President Joe Biden on Wednesday unveiled a $2 trillion infrastructure plan aimed at modernizing America's crumbling transport network, creating millions of jobs and delivering a "once-in-a-generation" investment that will enable the country to best China on the global economic stage.

Biden compared his "transformational" plan to the ambitious US space program of the 1960s, saying it would boost the livelihoods of poor and middle-class Americans, take aim at global warming, and be funded by increased taxes on large companies and the rich.

"Today I'm proposing a plan for the nation that rewards work, not just rewards wealth. It builds a fair economy that gives everybody a chance to succeed. It's going to create the strongest, most resilient, innovative economy in the world," Biden said.

"It's a once-in-a-generation investment in America, unlike anything we've seen or done since we built the interstate highway system and the space race decades ago."