The potential for private investors to work with government in the United States to invest in infrastructure projects has taken big steps forward recently.
Some of this is well known — the $1.3 trillion Infrastructure Investment and Jobs Act has been reported heavily, but related legislation and programs with the potential to be more impactful for private investors have flown under the radar.
Actions taken this year include the passage of the CHIPS and Science Act, the Inflation Reduction Act, which includes a $27 billion green bank, and a new mandate for Export-Import Bank of the United States (EXIM) to invest domestically and internationally. Each of these have incentives for private investment in U.S. infrastructure. The Build Back Better act, passed in November 2021, put in place similar incentive for infrastructure investment, and the Development Finance Corp. (DFC), meanwhile, received a similar mandate in 2020 from the Trump administration during the early sta