What has traditionally been considered infrastructure is increasingly shifting from classic, physical assets such as power grids, roads, ports and bridges to include assets such as fiber-optic networks, hyperscale data centers and electric vehicle charging stations.
This ongoing expansion and evolution of what comprises infrastructure will demand a fundamental mindset shift among governments, investors and industry operators about how to fund, build, use and maintain it, according to a September 2025 report from McKinsey & Co. titled The infrastructure moment.
As the infrastructure universe grows, so does the overlap between verticals. How and where capital flows to each sector is increasingly influencing investment in others. As a result, this more expansive, interconnected infrastructure ecosystem is creating substantial opportunities and increasing infrastructure investment needs, compared with previous decades.
A cumulative $106 trillion in inve
