“Given the robust list of projects underway and planned, we believe that local, state, and federal politicians, as well as private sector investors, understand the country’s significant infrastructure needs and are already seeking to address these issues,” said Global X.
Major infrastructure projects currently underway with the potential to benefit PAVE include bolstering the Second Avenue subway in New York City, light rail expansion in Charlotte, and $3.98 billion aimed at replacing the Tappan Zee Bridge.
“While a major infrastructure spending package from Washington could be a welcome accelerant to building and repairing the nation’s infrastructure, it is not the end-all-be-all for infrastructure, as the onus may increasingly be pushed to local governments and the private sector instead,” according to Global X.
For more information on the infrastructure sector, visit our infrastructure category.