Bank of America to Pump $250 Billion into US Infrastructure
Bank of America has announced its plan to deploy $250 billion by July 2027 in support of US digital and infrastructure projects. The 'Critical Infrastructure Finance Initiative' aims to provide primary market lending, investments, capital markets services, and banking and advisory offerings to boost the country's economic growth and create tens of thousands of jobs.
The bank will target three areas: digital infrastructure, including data centers and computing; energy and power infrastructure, including renewable generation and energy storage; and core infrastructure such as transportation and natural gas. According to Karen Fang, global head of infrastructure and sustainable finance at Bank of America, meeting the country's growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors.
The $250 billion target will be measured over an 18-month period from January 1, 2026, to July 4, 2027. Fang also mentioned that projects require new infrastructure to be built before becoming operational and often have loan terms of five to seven years, which can then be refinanced with longer-term debt lasting 10, 15 or 20 years.