In celebration of the United States of America’s 250th anniversary, Bank of America has announced the “Critical Infrastructure Finance Initiative” to mobilise and deploy USD 250 billion to support the infrastructure development-related activities in the world’s largest economy.
The execution of the initiative will be made through financing, investment and advisory solutions. The move also reflects the company’s commitment to financing digital, energy and power, and core infrastructure development and modernisation to help fuel America’s next era of economic growth, innovation and competitiveness.
Capital will be mobilised and deployed for over 18 months, from America’s 250th year in 2026 through July 4, 2027.
Surging demand for computing power, energy, manufacturing capacity, modern transportation systems and diversified supply chains is propelling a new wave of infrastructure investment across the United States.
“Realising the trend, Bank of America is now helping clients across these sectors access the capital they need through our global capital markets platform, advisory expertise and strong balance sheet support, driving investment and creating tens of thousands of jobs nationwide,” the venture remarked.
“We are proud of our long history supporting the American economy. As America marks its 250th year, this initiative reflects our confidence in the country’s future and the investments that will shape it. The infrastructure that powers our economy, strengthens our energy security and secures our technological leadership will drive growth, create jobs and define America’s next chapter,” said Jim DeMare, co-president, Bank of America.
Financial activity – including primary market lending, investing, capital markets, banking and advisory solutions – will span three broad infrastructure categories. The prominent one will be the digital infrastructure, such as data centres and computing infrastructure (hardware, chips, and equipment), telecommunications and semiconductors, followed by energy and power infrastructure (conventional and renewable power generation and energy storage, as well as other energy distribution systems) and core infrastructure (transportation, electric and energy transmission, grid optimisation, water systems, critical minerals and mining, and other assets).
“Meeting America’s growing infrastructure needs requires mobilising capital at scale across increasingly interconnected sectors. Delivering these projects requires integrated financing solutions spanning corporate and project-level capital in both public and private markets. By bringing together capital providers, developers, corporations and investors, we are focused on helping accelerate investment in infrastructure that drives economic growth and creates lasting value for communities,” said Karen Fang, Global Head of Infrastructure & Sustainable Finance and Co-Head of Global Capital Solutions at Bank of America.
The effort will be led by Bank of America’s Global Capital Solutions (GCS) and Global Infrastructure & Sustainable Finance (GISFG) teams and is supported across all eight lines of business.