BlackRock Real Assets believes President Biden’s historic Infrastructure Investment and Jobs Act, which calls for $550 billion of new federal investment in America’s roads and bridges, water infrastructure, resilience and internet, should result in greater infrastructure investment from private capital in the United States.
“We believe the bill is directionally positive for infrastructure investors,” said BlackRock Real Assets in a recent viewpoint paper. “The bill provides funding for projects that can drive economic growth as well as prepare the U.S. economy for the transition to net-zero.”
The bipartisan bill, which was unveiled in July, allocates $110 billion of new funds for roads, bridges and major projects; calls for $39 billion of new investment to modernize transit; and includes the largest investment in passenger rail since the creation of Amtrak 50 years ago. It also invests $7.5 billion to build out the first-ever national network of electric-