The oil & gas sector leads strategic project opportunities in the infrastructure market with five projects totaling $84 billion, according to CG/LA Infrastructure’s 2nd annual Strategic 50 U.S. Infrastructure Projects Report, featuring the namesake list of 50 in-development strategic projects throughout the United States.
The report highlights $303 billion in project value and more than 600,000 direct jobs to be created nationwide. All are expected to move forward and offer business opportunities in the next three to 12 months.
Transformative projects are second, with two projects totaling $45 billion in investment. High-speed rail is third, with three projects totaling $42 billion. Urban projects, such as New York and New Jersey’s Gateway Program and California WaterFix, lead this $107.5 billion category. The Alaska LNG project, Texas Central Railway and the Next Generation Air Transportation System also claim spots on the list, with the first two almost exclusively funded through private investment. Notably, the waterways category ranked lowest on the list, at only $4 billion total, reflecting the $90 billion backlog of projects overseen by the U.S. Army Corps of Engineers.
The report and project list was compiled by rating projects focusing on three criteria: a) jobs and other benefits (health, mobility) creation potential; b) readiness to proceed; and c) economic growth. Private investment potential, across seven different channels — from asset recycling, to land value capture, to P3s — was also considered.
“The U.S. infrastructure market is characterized by very high demand, while, at the same time, it continues to be plagued by regulatory and permitting hurdles,” according to Norman Anderson, president & CEO of CG/LA Infrastructure. “With a growing economy, transformative technologies and new funding strategies, we are on the cusp of an infrastructure renaissance in our country. We want to push things forward a bit faster, given the extraordinary benefits for our citizens by increasing the speed, and reducing the costs, of project development.”
The project list is available and the report will be available at the 2nd Annual Blueprint 2025 2X Leadership Forum that is going to be held on April 26 at Union Station in Washington, D.C.
