GIIA statement on U.S. election for infrastructure investors

Jon Phillips, Chief Executive of the Global Infrastructure Investor Association, said:

“The importance of modernising America’s infrastructure to support economic growth is fundamental. Private investors will continue to play a vital role in both the renewal of existing infrastructure and the many new opportunities that lie ahead. 

“The funding packages provided by the Infrastructure Investment and Jobs Act, Inflation Reduction Act and CHIPS Act have hugely benefited both Republican and Democrat states, and there is significant momentum in the system still to play out. A key question for investors is whether there will be continued political support beyond their expiry dates, or new initiatives to replace them. 

“President-elect Trump has signalled a shift away from public investment in renewable fuels, and investors may face a repeal of specific tax credits for EVs as part of a larger tax package. Such changes could create increased opportunities for public-private partnerships (P3s) as a mechanism that unlocks private investment in place of federal subsidies. “