{"id":5213,"date":"2026-08-12T20:42:37","date_gmt":"2026-08-12T20:42:37","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5213"},"modified":"2026-08-12T20:42:37","modified_gmt":"2026-08-12T20:42:37","slug":"bofa-to-plow-250-billion-into-critical-infrastructure-projects","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5213","title":{"rendered":"BofA to plow $250 billion into critical infrastructure projects"},"content":{"rendered":"
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The investment is intended for projects including data centers and compute power, renewable-power generation, energy storage, natural gas, electricity transmission and critical minerals and mining. The goal is to support energy security, job growth and economic competitiveness, the bank said in a statement Wednesday.\u00a0<\/p>\n

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\u201cWithout hard infrastructure, it\u2019s difficult to preserve our competitiveness and leadership for the next generation,\u201d said Karen Fang, global head of infrastructure and sustainable finance and co-head of global capital solutions, in an interview. \u201cOld infrastructure has to be modernized.\u201d<\/p>\n

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It\u2019s the latest in a string of infrastructure initiatives across US banks. Morgan Stanley this week announced its own $1.5 trillion pledge to help with capital raising, financing and advisory over the next decade. The US is coping with aging infrastructure as it also embarks on a massive buildout of artificial-intelligence data-center capacity, which is straining the power grid in places. The Bank of America pledge isn\u2019t limited to the AI frenzy, focusing on sectors such as transportation and water systems as well.\u00a0<\/p>\n

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The initiative is in addition to an\u00a0earlier commitment\u00a0by the bank to back $1.5 trillion of sustainable-finance projects by 2030. Last year, larger competitor JPMorgan Chase & Co. vowed to funnel\u00a0$1.5 trillion\u00a0into industries that bolster US economic security and resiliency over the coming decade.<\/p>\n

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Bank of America\u2019s commitment is in honor of the country\u2019s 250th birthday, with capital deployed through July 4 of next year. The target includes loans from Bank of America\u2019s balance sheet and transactions the company arranges or advises on.<\/p>\n

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\u201cThis is our statement that we are making that infrastructure investing is a uniting theme,\u201d Fang said.<\/p>\n

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Bank of America is joining other US bank initiatives to strengthen infrastructure\u2014focusing on AI, transportation and water systems.<\/p>\n","protected":false},"author":1,"featured_media":5212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-5213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure"],"yoast_head":"\nBofA to plow $250 billion into critical infrastructure projects - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=5213\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BofA to plow $250 billion into critical infrastructure projects - 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