What You Should Know About Biden’s Infrastructure Bill

President Biden signed into law an infrastructure package in mid-November and its effects will be felt across the nation. The massive $1.2 trillion dollar legislation will be used to build and repair roads, bridges, ports, rail, airports and water systems across the US. Many publicly traded companies stand to gain from this massive bill. Let’s check out some of the potential winners.

Water works

The bill allocates $55 billion to expand access to clean drinking water. Among others, these three companies stand to benefit.

  • Xylem Inc. develops solutions for water management. 
  • Evoqua Water Technologies provides solutions to commercial, industrial, and municipal water treatment markets. 
  • American Water Works operates in 25 states and provides various drinking water and wastewater services to over 14 million people. 

From here to there

Within the bill, $110 billion is allocated for roads, bridges, and other major projects: $66 billion will go to railway projects, $25 billion for airport repair and maintenance and $17 billion for port infrastructure. Here are companies from three areas to watch.

Keeping you connected

The bill will also include $65 billion to ensure that all Americans have access to high-speed Internet. Crown Castle International is one communications infrastructure company with a presence in every major US media market that could be impacted by this bill’s investment. 

It’s electrifying

As part of the overarching strategy to address climate change, $7.5 billion will be invested to construct a network of 500,000 EV charging stations across the country. Electric vehicle charging companies such as ChargePoint Holdings, Blink Charging and EVGO may all benefit from this bill. Also, EV companies such as Lucid Motors, Rivian Automotive, Fisker and Lordstown will also look to benefit.  

The Federal Government will be funding one trillion dollars in projects across the nation. That is one and then 12 zeros. All companies operating in the infrastructure industry will be out there with their caps hoping some money falls inside.