Bank of America Launches $250 Billion Critical Infrastructure Financing Program

Bank of America has announced the launch of a "Critical Infrastructure Financing Program," committing $250 billion (approximately HK$1.95 trillion) to digital and infrastructure projects across the United States, marking the 250th anniversary of the nation's founding. The program is designed to strengthen and modernize America's infrastructure, support energy security, create employment opportunities, and boost economic competitiveness. It will run for 18 months, through July 4, 2027.

Funding will be allocated across several sectors. Digital infrastructure investments will cover data centers, hardware, chips and related equipment, and semiconductor projects. In energy and power, the program will support traditional energy projects, renewable power generation, energy storage, and other energy distribution facilities. Core infrastructure spending will include transportation, power grids and energy transmission, grid improvements, water systems, critical minerals and mining, as well as other assets.