BlackRock Real Assets has published a viewpoint paper on 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, internet and more.
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-vehicle chargers in the United States; $17 billion in port infrastructure; $25 billion in airports; and it includes the single largest investment in clean-energy transmission in American history.
BlackRock ultimately believes the Infrastructure Investment & Jobs Act should result in greater infrastructure investment from private capital in