Game changer? US infrastructure under Biden

Post-election discussion: The outlook for US infrastructure

17 Nov 2020 USA, Asset Class Perspectives, Real assets, Infrastructure 2 min read

Ash Williams

Executive Director & CIO
Florida State Board of Administration

Angela Miller-May

Chief Investment Officer
Chicago Teachers’ Pension Fund

Jonathan Grabel

Chief Investment Officer
Los Angeles County Employees Retirement Association

Charles Fitzpatrick

Head of Infrastructure Investing
California State Teachers’ Retirement System

Keynote: John Savercool

Head of US Office of Public Policy
UBS Americas

Moderator: Joseph Azelby

Head of Real Estate & Private Markets
UBS Asset Management

On 23 November 2020, Real Estate & Private Markets (the Real Assets team for UBS Asset Management) hosted an expert panel featuring some of the leading institutional investors in the US to discuss the implications of the US Presidential election on infrastructure priorities and investments. Some of the key points include:

  • US policy-makers believe infrastructure is critical in terms of quality-of-life, sustainability, education, healthcare, economic development and jobs. Under a Biden presidency, heavy infrastructure and transportation projects will almost certainly be key to any pandemic economic recovery plan in 2021.
  • COVID-19 has only accelerated the need for key transportation spending in infrastructure, especially in sectors such as airports, seaports, roads and other forms of infrastructure which have been severely affected.
  • Trends like renewables deployment won’t stop, while investment into various types of telecommunication infrastructure such as fiber, 5G and rural broadband will grow with data usage.

Please listen to the full discussion here.

Duration: 45 minutes with 15 minutes of audience Q&A

Read our latest Research Blast on the US election and the impact on infrastructure.