Aug. 12 at 11:24 AM
$BAC Bank of America pledges
$250B for U.S. infrastructure financing
In celebration of America's 250th anniversary, Bank of America announced the Critical Infrastructure Finance Initiative to mobilize and deploy
$250B to support U.S. infrastructure development through financing, investment and advisory solutions. The initiative reflects the company's commitment to financing digital, energy and power, and core infrastructure development and modernization to help fuel America's next era of economic growth, innovation and competitiveness, BofA said. Capital will be mobilized and deployed from over 18 months, from America's 250th year in 2026 through July 4, 2027.
"Meeting America's growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors," said Karen Fang, Global Head of Infrastructure & Sustainable Finance and Co-Head of Global Capital Solutions at Bank of America. "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." The effort will be led by Bank of America's Global Capital Solutions and Global Infrastructure & Sustainable Finance teams and is supported across all eight lines of business.
